LINKBANCORP, Inc. (NASDAQ:LNKB) Short Interest Update

LINKBANCORP, Inc. (NASDAQ:LNKB) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 170,490 shares, a drop of 31.3% from the December 15th total of 248,258 shares. Based on an average daily trading volume, of 241,503 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 241,503 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

LNKB has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of LINKBANCORP in a report on Monday, December 29th. Hovde Group lowered LINKBANCORP from an “outperform” rating to a “market perform” rating and set a $9.25 price objective for the company. in a report on Friday, December 19th. Finally, DA Davidson lowered LINKBANCORP from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, LINKBANCORP currently has an average rating of “Hold” and an average target price of $9.63.

Hedge Funds Weigh In On LINKBANCORP

Several institutional investors have recently bought and sold shares of LNKB. Bernardo Wealth Planning LLC purchased a new stake in LINKBANCORP in the second quarter worth $200,000. Fourthstone LLC lifted its position in shares of LINKBANCORP by 162.3% during the 2nd quarter. Fourthstone LLC now owns 327,439 shares of the company’s stock valued at $2,394,000 after buying an additional 202,598 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of LINKBANCORP during the 2nd quarter worth $161,000. Bridgeway Capital Management LLC bought a new position in shares of LINKBANCORP during the 3rd quarter worth $471,000. Finally, Squarepoint Ops LLC increased its holdings in LINKBANCORP by 104.0% in the 3rd quarter. Squarepoint Ops LLC now owns 39,235 shares of the company’s stock worth $280,000 after acquiring an additional 20,001 shares during the last quarter. Hedge funds and other institutional investors own 37.52% of the company’s stock.

LINKBANCORP Stock Performance

Shares of LINKBANCORP stock traded down $0.05 during trading hours on Friday, hitting $8.67. 81,669 shares of the company’s stock traded hands, compared to its average volume of 259,393. The stock has a market capitalization of $324.78 million, a price-to-earnings ratio of 8.50 and a beta of 0.40. LINKBANCORP has a 12-month low of $6.09 and a 12-month high of $9.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty day simple moving average of $7.98 and a 200-day simple moving average of $7.47.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $29.19 million during the quarter, compared to analyst estimates of $29.39 million. LINKBANCORP had a net margin of 20.81% and a return on equity of 10.28%. Equities research analysts anticipate that LINKBANCORP will post 0.84 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $0.075 per share. The ex-dividend date was Friday, November 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.5%. LINKBANCORP’s dividend payout ratio (DPR) is presently 29.41%.

About LINKBANCORP

Link Bancorp, Inc is a bank holding company headquartered in Wheeling, West Virginia, serving as the parent of Link Bank. Established to support the growth of a regional financial institution, the company offers a broad range of banking and financial services through its subsidiary, Link Bank. With an emphasis on community banking, Link Bancorp focuses on building long-term relationships with individuals, businesses and nonprofit organizations across its footprint.

The company’s core activities include commercial and consumer lending, residential mortgage financing, deposit account services and treasury management solutions.