FY2024 EPS Estimates for LINKBANCORP, Inc. Reduced by Analyst (NASDAQ:LNKB)

LINKBANCORP, Inc. (NASDAQ:LNKB) – Analysts at DA Davidson dropped their FY2024 earnings per share (EPS) estimates for shares of LINKBANCORP in a research note issued to investors on Thursday, August 1st. DA Davidson analyst M. Navas now expects that the company will earn $0.76 per share for the year, down from their previous forecast of $0.80. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.75 per share.

Separately, Stephens reaffirmed an “equal weight” rating and set a $7.50 price objective on shares of LINKBANCORP in a report on Monday, May 13th.

LINKBANCORP Stock Up 1.3 %

Shares of LNKB opened at $6.43 on Monday. The stock has a market capitalization of $240.20 million, a price-to-earnings ratio of -24.73 and a beta of 0.51. LINKBANCORP has a 1 year low of $5.86 and a 1 year high of $8.29. The business’s 50 day simple moving average is $6.55 and its 200-day simple moving average is $6.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01.

Hedge Funds Weigh In On LINKBANCORP

A number of large investors have recently made changes to their positions in LNKB. DAVENPORT & Co LLC purchased a new position in shares of LINKBANCORP during the 4th quarter worth about $183,000. Sandy Spring Bank purchased a new stake in LINKBANCORP in the 4th quarter valued at about $37,000. Cora Capital Advisors LLC purchased a new stake in LINKBANCORP in the 4th quarter valued at about $118,000. Wealthspire Advisors LLC purchased a new stake in LINKBANCORP in the 4th quarter valued at about $515,000. Finally, Brown Advisory Inc. purchased a new stake in LINKBANCORP in the 4th quarter valued at about $1,724,000. 37.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LINKBANCORP

In other news, Director George Parmer acquired 4,256 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $6.26 per share, with a total value of $26,642.56. Following the acquisition, the director now directly owns 170,064 shares of the company’s stock, valued at $1,064,600.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Andrew S. Samuel sold 197,500 shares of LINKBANCORP stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $8.50, for a total transaction of $1,678,750.00. Following the completion of the transaction, the chief executive officer now directly owns 20,439 shares of the company’s stock, valued at approximately $173,731.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Parmer purchased 4,256 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $6.26 per share, with a total value of $26,642.56. Following the completion of the purchase, the director now owns 170,064 shares in the company, valued at approximately $1,064,600.64. The disclosure for this purchase can be found here. Insiders have bought 37,551 shares of company stock valued at $240,910 in the last ninety days. Corporate insiders own 35.84% of the company’s stock.

LINKBANCORP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.30 annualized dividend and a dividend yield of 4.67%. LINKBANCORP’s dividend payout ratio (DPR) 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.