DAVENPORT & Co LLC Buys 5,109 Shares of LINKBANCORP, Inc. (NASDAQ:LNKB)

DAVENPORT & Co LLC grew its holdings in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,109 shares of the company’s stock after acquiring an additional 5,109 shares during the period. DAVENPORT & Co LLC’s holdings in LINKBANCORP were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. MetLife Investment Management LLC grew its position in shares of LINKBANCORP by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,038 shares of the company’s stock valued at $90,000 after acquiring an additional 7,910 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in LINKBANCORP in the 2nd quarter worth $65,000. Truist Financial Corp purchased a new stake in LINKBANCORP in the 2nd quarter worth $73,000. Barclays PLC increased its stake in LINKBANCORP by 53.0% in the 3rd quarter. Barclays PLC now owns 39,897 shares of the company’s stock worth $257,000 after buying an additional 13,818 shares in the last quarter. Finally, State Street Corp increased its stake in LINKBANCORP by 5.5% in the 3rd quarter. State Street Corp now owns 283,891 shares of the company’s stock worth $1,820,000 after buying an additional 14,730 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.

LINKBANCORP Trading Down 0.3 %

Shares of LNKB stock opened at $7.32 on Monday. The firm has a market capitalization of $273.55 million, a PE ratio of 10.46 and a beta of 0.44. The stock has a fifty day simple moving average of $7.42 and a two-hundred day simple moving average of $6.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. LINKBANCORP, Inc. has a 52-week low of $5.86 and a 52-week high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. On average, analysts predict that LINKBANCORP, Inc. will post 0.84 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Friday, February 28th. LINKBANCORP’s payout ratio is 42.86%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “buy” rating and issued a $9.00 price target on shares of LINKBANCORP in a research note on Thursday, January 30th.

LINKBANCORP 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.