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

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

Separately, Stephens reissued 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 %

LNKB stock opened at $6.43 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38. LINKBANCORP has a twelve month low of $5.86 and a twelve month high of $8.29. The company’s 50 day moving average is $6.55 and its two-hundred day moving average is $6.72. The stock has a market cap of $240.20 million, a P/E ratio of -24.73 and a beta of 0.51.

LINKBANCORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.075 per share. The ex-dividend date was Friday, May 31st. This represents a $0.30 dividend on an annualized basis and a yield of 4.67%. LINKBANCORP’s payout ratio is currently -115.38%.

Insiders Place Their Bets

In other LINKBANCORP news, CEO Andrew S. Samuel sold 197,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 20,439 shares of the company’s stock, valued at $173,731.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other LINKBANCORP news, President Carl D. Lundblad bought 12,671 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average cost of $6.33 per share, with a total value of $80,207.43. Following the acquisition, the president now directly owns 12,671 shares of the company’s stock, valued at approximately $80,207.43. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Samuel sold 197,500 shares of LINKBANCORP stock in a transaction on 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 in the company, valued at $173,731.50. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 37,551 shares of company stock valued at $240,910. 35.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LINKBANCORP

A number of institutional investors have recently modified their holdings of LNKB. Mendon Capital Advisors Corp acquired a new position in shares of LINKBANCORP in the 4th quarter valued at $2,122,000. Brown Advisory Inc. purchased a new position in LINKBANCORP in the 4th quarter valued at $1,724,000. Bank of New York Mellon Corp purchased a new position in LINKBANCORP in the 2nd quarter valued at $397,000. Wealthspire Advisors LLC purchased a new position in LINKBANCORP in the 4th quarter valued at $515,000. Finally, Hillsdale Investment Management Inc. purchased a new position in LINKBANCORP in the 1st quarter valued at $164,000. 37.52% of the stock is owned by institutional investors and hedge funds.

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.