LINKBANCORP, Inc. Forecasted to Post Q2 2024 Earnings of $0.18 Per Share (NASDAQ:LNKB)

LINKBANCORP, Inc. (NASDAQ:LNKB) – DA Davidson issued their Q2 2024 earnings estimates for LINKBANCORP in a research note issued to investors on Thursday, May 2nd. DA Davidson analyst M. Navas anticipates that the company will post earnings of $0.18 per share for the quarter. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.81 per share.

LINKBANCORP Stock Down 4.0 %

LNKB stock opened at $6.49 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. LINKBANCORP has a 12 month low of $4.80 and a 12 month high of $8.29. The firm has a market capitalization of $242.40 million, a PE ratio of -24.96 and a beta of 0.62. The company’s 50 day simple moving average is $6.78 and its 200-day simple moving average is $6.89.

Hedge Funds Weigh In On LINKBANCORP

Several hedge funds have recently bought and sold shares of LNKB. Fidelity D & D Bancorp Inc. grew its holdings in LINKBANCORP by 579.7% in the 4th quarter. Fidelity D & D Bancorp Inc. now owns 286,993 shares of the company’s stock valued at $2,287,000 after buying an additional 244,768 shares during the period. Mendon Capital Advisors Corp acquired a new stake in shares of LINKBANCORP in the fourth quarter worth approximately $2,122,000. Brown Advisory Inc. purchased a new stake in LINKBANCORP in the fourth quarter valued at approximately $1,724,000. Wealthspire Advisors LLC acquired a new position in LINKBANCORP during the fourth quarter worth approximately $515,000. Finally, DAVENPORT & Co LLC purchased a new position in LINKBANCORP during the fourth quarter worth approximately $183,000. Hedge funds and other institutional investors own 37.52% of the company’s stock.

LINKBANCORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Wednesday, February 28th. LINKBANCORP’s dividend payout ratio (DPR) is presently -115.38%.

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.