Piper Sandler downgraded shares of LINKBANCORP (NASDAQ:LNKB – Get Rating) from an overweight rating to a neutral rating in a research note published on Monday morning, MarketBeat Ratings reports. They currently have $8.50 price target on the stock, down from their previous price target of $10.00.
Several other equities analysts have also issued reports on LNKB. DA Davidson began coverage on LINKBANCORP in a research note on Monday, October 10th. They set a buy rating and a $9.00 price target on the stock. Stephens lowered LINKBANCORP to an equal weight rating in a research note on Tuesday, November 15th.
Get LINKBANCORP alerts:LINKBANCORP Price Performance
LINKBANCORP stock opened at $8.16 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $8.87. LINKBANCORP has a 52 week low of $7.09 and a 52 week high of $11.65.
LINKBANCORP Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.30 annualized dividend and a yield of 3.68%.Institutional Trading of LINKBANCORP
A number of hedge funds have recently made changes to their positions in the business. UBS Group AG bought a new position in LINKBANCORP during the 3rd quarter worth $41,000. Kestra Advisory Services LLC acquired a new position in LINKBANCORP during the 4th quarter worth about $133,000. Commonwealth Equity Services LLC acquired a new position in LINKBANCORP during the 3rd quarter worth about $187,000. Girard Partners LTD. acquired a new position in shares of LINKBANCORP in the 3rd quarter valued at about $248,000. Finally, Citadel Advisors LLC bought a new stake in LINKBANCORP in the 3rd quarter valued at about $438,000. 39.84% of the stock is owned by institutional investors and hedge funds.
About LINKBANCORP
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LINKBANCORP, Inc operates as a bank holding company for The Gratz Bank, a full-service state chartered commercial bank in Pennsylvania. The company's deposit products include checking accounts, saving accounts, money market accounts, and certificates of deposits. The company's loan portfolio comprises small business, real estate, agricultural, home equity, consumer lending, commercial, municipal, term, lines of credit, auto, and home mortgage and construction loans.
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