Stonebridge Financial Group LLC Buys New Shares in LINKBANCORP, Inc. (NASDAQ:LNKB)

Stonebridge Financial Group LLC bought a new position in LINKBANCORP, Inc. (NASDAQ:LNKB) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 20,000 shares of the company’s stock, valued at approximately $150,000.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of LINKBANCORP by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 562,775 shares of the company’s stock valued at $3,608,000 after acquiring an additional 67,728 shares during the last quarter. Fourthstone LLC increased its stake in shares of LINKBANCORP by 234.1% in the third quarter. Fourthstone LLC now owns 444,223 shares of the company’s stock worth $2,847,000 after buying an additional 311,271 shares during the period. State Street Corp boosted its position in LINKBANCORP by 5.5% during the 3rd quarter. State Street Corp now owns 283,891 shares of the company’s stock valued at $1,820,000 after buying an additional 14,730 shares during the period. Barclays PLC boosted its holdings in shares of LINKBANCORP by 53.0% during the third quarter. Barclays PLC now owns 39,897 shares of the company’s stock worth $257,000 after purchasing an additional 13,818 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in LINKBANCORP by 133.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,788 shares of the company’s stock valued at $191,000 after purchasing an additional 17,011 shares during the period. 37.52% of the stock is owned by institutional investors.

LINKBANCORP Trading Down 1.3 %

LNKB opened at $7.41 on Thursday. The firm has a market cap of $276.91 million, a P/E ratio of 10.59 and a beta of 0.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $7.42 and a 200 day moving average of $6.93. LINKBANCORP, Inc. has a 12 month low of $5.86 and a 12 month high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last issued its earnings results on Monday, January 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that LINKBANCORP, Inc. will post 0.84 EPS for the current year.

LINKBANCORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 4.05%. LINKBANCORP’s dividend payout ratio is presently 42.86%.

Wall Street Analysts Forecast Growth

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

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.