Enhancing Capital LLC Purchases New Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Enhancing Capital LLC acquired a new stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 117,140 shares of the company’s stock, valued at approximately $876,000. Enhancing Capital LLC owned 0.31% of LINKBANCORP as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. DAVENPORT & Co LLC grew its holdings in shares of LINKBANCORP by 22.2% in the 4th quarter. DAVENPORT & Co LLC now owns 28,109 shares of the company’s stock valued at $210,000 after buying an additional 5,109 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of LINKBANCORP by 2,122.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company’s stock worth $50,000 after acquiring an additional 6,366 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of LINKBANCORP by 11.3% during the 4th quarter. Wealthspire Advisors LLC now owns 71,831 shares of the company’s stock valued at $537,000 after purchasing an additional 7,265 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of LINKBANCORP by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,038 shares of the company’s stock valued at $90,000 after purchasing an additional 7,910 shares during the period. Finally, Barclays PLC increased its stake in LINKBANCORP by 53.0% during the 3rd quarter. Barclays PLC now owns 39,897 shares of the company’s stock worth $257,000 after purchasing an additional 13,818 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.

LINKBANCORP Stock Down 1.4 %

NASDAQ:LNKB opened at $6.80 on Tuesday. The company has a market cap of $254.12 million, a PE ratio of 9.71 and a beta of 0.37. The stock has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $7.06. 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 posted its quarterly earnings data on Monday, January 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. On average, sell-side analysts expect that LINKBANCORP, Inc. will post 0.84 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.075 per share. The ex-dividend date was Friday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.41%. LINKBANCORP’s dividend payout ratio is 42.86%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “buy” rating and set a $9.00 price objective on shares of LINKBANCORP in a research report on Thursday, January 30th.

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.