LINKBANCORP, Inc. (NASDAQ:LNKB – Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 455,700 shares, an increase of 8.4% from the July 31st total of 420,200 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 105,700 shares, the days-to-cover ratio is presently 4.3 days.
Wall Street Analyst Weigh In
Separately, Stephens restated an “equal weight” rating and set a $7.50 target price on shares of LINKBANCORP in a research note on Monday, May 13th.
Get Our Latest Report on LINKBANCORP
Insider Buying and Selling at LINKBANCORP
Institutional Trading of LINKBANCORP
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heritage Wealth Advisors bought a new stake in shares of LINKBANCORP during the fourth quarter worth $39,000. The Manufacturers Life Insurance Company acquired a new position in LINKBANCORP during the second quarter valued at approximately $65,000. Truist Financial Corp acquired a new position in LINKBANCORP during the second quarter worth $73,000. Leo Wealth LLC bought a new stake in shares of LINKBANCORP in the 4th quarter valued at about $92,000. Finally, Rhumbline Advisers bought a new position in LINKBANCORP during the second quarter worth $137,000. 37.52% of the stock is currently owned by institutional investors and hedge funds.
LINKBANCORP Stock Performance
Shares of LNKB stock opened at $6.29 on Monday. LINKBANCORP has a fifty-two week low of $5.86 and a fifty-two week high of $8.29. The stock’s 50-day moving average is $6.58 and its two-hundred day moving average is $6.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $234.97 million, a P/E ratio of -24.19 and a beta of 0.51.
LINKBANCORP (NASDAQ:LNKB – Get Free Report) last announced its earnings results on Monday, July 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $26.34 million during the quarter, compared to the consensus estimate of $27.17 million. LINKBANCORP had a positive return on equity of 6.71% and a negative net margin of 0.34%. Analysts predict that LINKBANCORP will post 0.73 earnings per share for the current fiscal year.
LINKBANCORP Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend is Friday, August 30th. LINKBANCORP’s dividend payout ratio is currently -115.38%.
LINKBANCORP Company Profile
LINKBANCORP, Inc operates as a bank holding company for The Gratz Bank, that provides various banking products and services to individuals, families, nonprofit, and business customers in Pennsylvania. Its deposit products include demand, saving, and money market accounts, as well as certificates of deposits.
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