FY2024 EPS Estimates for LINKBANCORP Cut by DA Davidson

LINKBANCORP, Inc. (NASDAQ:LNKB) – Stock analysts at DA Davidson lowered their FY2024 earnings per share estimates for shares of LINKBANCORP in a report issued on Thursday, October 31st. DA Davidson analyst M. Navas now expects that the company will earn $0.72 per share for the year, down from their previous forecast of $0.76. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.70 per share. DA Davidson also issued estimates for LINKBANCORP’s Q4 2024 earnings at $0.20 EPS.

LINKBANCORP Trading Down 1.7 %

Shares of NASDAQ LNKB opened at $7.04 on Friday. LINKBANCORP has a 52 week low of $5.86 and a 52 week high of $8.29. The business’s 50 day moving average price is $6.41 and its 200 day moving average price is $6.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. LINKBANCORP had a return on equity of 7.92% and a net margin of 3.65%. The business had revenue of $27.66 million for the quarter, compared to the consensus estimate of $27.33 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of LINKBANCORP during the 2nd quarter worth about $65,000. Truist Financial Corp acquired a new position in LINKBANCORP in the 2nd quarter worth about $73,000. Rhumbline Advisers purchased a new position in LINKBANCORP during the second quarter worth approximately $137,000. Hillsdale Investment Management Inc. acquired a new stake in LINKBANCORP in the first quarter valued at approximately $164,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of LINKBANCORP in the second quarter valued at approximately $151,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

Insider Buying and Selling

In other LINKBANCORP news, Director Mona D. Albertine sold 4,741 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $6.21, for a total value of $29,441.61. Following the sale, the director now directly owns 36,353 shares of the company’s stock, valued at approximately $225,752.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Catherine Eisel acquired 7,080 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $6.28 per share, with a total value of $44,462.40. Following the purchase, the insider now directly owns 7,800 shares of the company’s stock, valued at $48,984. This trade represents a 900.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mona D. Albertine sold 4,741 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.21, for a total transaction of $29,441.61. Following the sale, the director now directly owns 36,353 shares in the company, valued at $225,752.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 38,223 shares of company stock valued at $239,183 and sold 16,741 shares valued at $107,022. 35.84% of the stock is currently owned by corporate insiders.

LINKBANCORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.075 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.26%. LINKBANCORP’s payout ratio is currently -428.57%.

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.