117,140 Shares in LINKBANCORP, Inc. (NASDAQ:LNKB) Bought by Enhancing Capital LLC

Enhancing Capital LLC purchased a new stake in LINKBANCORP, Inc. (NASDAQ:LNKB) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 117,140 shares of the company’s stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its holdings in LINKBANCORP by 2,122.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company’s stock worth $50,000 after purchasing an additional 6,366 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of LINKBANCORP by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,038 shares of the company’s stock worth $90,000 after buying an additional 7,910 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of LINKBANCORP in the fourth quarter valued at about $150,000. DAVENPORT & Co LLC grew its stake in shares of LINKBANCORP by 22.2% in the fourth quarter. DAVENPORT & Co LLC now owns 28,109 shares of the company’s stock valued at $210,000 after acquiring an additional 5,109 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in LINKBANCORP by 133.1% during the third quarter. JPMorgan Chase & Co. now owns 29,788 shares of the company’s stock worth $191,000 after acquiring an additional 17,011 shares during the period. Institutional investors own 37.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

LINKBANCORP Stock Performance

NASDAQ:LNKB opened at $6.80 on Tuesday. The company has a market cap of $254.12 million, a price-to-earnings ratio of 9.71 and a beta of 0.37. LINKBANCORP, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $7.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average price of $7.23 and a 200-day moving average price of $7.06.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. As a group, equities analysts anticipate that LINKBANCORP, Inc. will post 0.84 EPS for the current fiscal year.

LINKBANCORP Announces Dividend

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

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.