DA Davidson Comments on LINKBANCORP, Inc.’s FY2024 Earnings (NASDAQ:LNKB)

LINKBANCORP, Inc. (NASDAQ:LNKB) – Equities researchers at DA Davidson dropped their FY2024 EPS estimates for LINKBANCORP in a note issued to investors on Thursday, May 2nd. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $0.77 for the year, down from their previous forecast of $0.85. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.78 per share.

LINKBANCORP Trading Down 1.1 %

Shares of LNKB stock opened at $6.42 on Monday. The stock’s fifty day moving average is $6.77 and its two-hundred day moving average is $6.89. The firm has a market capitalization of $239.79 million, a P/E ratio of -24.69 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. LINKBANCORP has a fifty-two week low of $4.80 and a fifty-two week high of $8.29.

Institutional Investors Weigh In On LINKBANCORP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sandy Spring Bank acquired a new stake in LINKBANCORP during the fourth quarter worth about $37,000. Heritage Wealth Advisors acquired a new position in LINKBANCORP in the fourth quarter valued at approximately $39,000. Cambridge Investment Research Advisors Inc. acquired a new position in LINKBANCORP in the third quarter valued at approximately $85,000. Kingsview Wealth Management LLC acquired a new position in LINKBANCORP in the third quarter valued at approximately $90,000. Finally, Leo Wealth LLC acquired a new position in LINKBANCORP in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

LINKBANCORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.075 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 4.67%. LINKBANCORP’s payout ratio is -115.38%.

About LINKBANCORP

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.