LINKBANCORP (NASDAQ:LNKB) Given Buy Rating at DA Davidson

LINKBANCORP (NASDAQ:LNKB)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They presently have a $9.00 target price on the stock. DA Davidson’s price objective points to a potential upside of 26.49% from the company’s current price.

LINKBANCORP Trading Up 1.6 %

Shares of LNKB stock traded up $0.12 during mid-day trading on Thursday, hitting $7.12. 23,706 shares of the company’s stock were exchanged, compared to its average volume of 35,999. The stock has a market cap of $265.89 million, a price-to-earnings ratio of -101.64 and a beta of 0.45. The stock has a 50-day simple moving average of $7.46 and a two-hundred day simple moving average of $6.93. LINKBANCORP has a fifty-two week low of $5.86 and a fifty-two week high of $7.98. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. Equities analysts expect that LINKBANCORP will post 0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its position in 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 last quarter. Wilmington Savings Fund Society FSB boosted its holdings in LINKBANCORP by 2,122.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company’s stock valued at $50,000 after purchasing an additional 6,366 shares during the last quarter. MetLife Investment Management LLC grew its stake in 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 purchasing an additional 7,910 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in LINKBANCORP during the 2nd quarter worth approximately $65,000. Finally, Truist Financial Corp acquired a new position in shares of LINKBANCORP in the 2nd quarter valued at approximately $73,000. 37.52% of the stock is owned by institutional investors and hedge funds.

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.