LINKBANCORP, Inc. (NASDAQ:LNKB) Short Interest Update

LINKBANCORP, Inc. (NASDAQ:LNKB) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 288,313 shares, a growth of 20.7% from the January 29th total of 238,893 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 206,034 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 206,034 shares, the short-interest ratio is presently 1.4 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On LINKBANCORP

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its position in shares of LINKBANCORP by 359.5% during the third quarter. CWM LLC now owns 3,837 shares of the company’s stock worth $27,000 after acquiring an additional 3,002 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in LINKBANCORP in the second quarter worth about $35,000. Police & Firemen s Retirement System of New Jersey bought a new stake in LINKBANCORP during the 2nd quarter worth about $37,000. PenderFund Capital Management Ltd. acquired a new position in LINKBANCORP during the 4th quarter valued at about $43,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of LINKBANCORP by 166.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,277 shares of the company’s stock valued at $52,000 after purchasing an additional 4,548 shares during the last quarter. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Price Performance

LNKB traded down $0.23 during trading on Thursday, hitting $8.53. The company’s stock had a trading volume of 36,510 shares, compared to its average volume of 189,257. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $319.62 million, a price-to-earnings ratio of 9.48 and a beta of 0.40. The firm’s 50 day moving average price is $8.76 and its two-hundred day moving average price is $7.87. LINKBANCORP has a 12 month low of $6.09 and a 12 month high of $9.59.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, January 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.13). The business had revenue of $30.04 million during the quarter, compared to analyst estimates of $30.03 million. LINKBANCORP had a net margin of 17.97% and a return on equity of 8.85%. Sell-side analysts forecast that LINKBANCORP will post 0.84 earnings per share for the current fiscal year.

LINKBANCORP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, February 27th. LINKBANCORP’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LNKB shares. Weiss Ratings raised shares of LINKBANCORP from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 20th. Zacks Research lowered LINKBANCORP from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Hovde Group cut LINKBANCORP from an “outperform” rating to a “market perform” rating and set a $9.25 target price for the company. in a report on Friday, December 19th. Finally, DA Davidson lowered LINKBANCORP from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, LINKBANCORP has an average rating of “Hold” and an average target price of $9.63.

LINKBANCORP Company Profile

Link Bancorp, Inc is a bank holding company headquartered in Wheeling, West Virginia, serving as the parent of Link Bank. Established to support the growth of a regional financial institution, the company offers a broad range of banking and financial services through its subsidiary, Link Bank. With an emphasis on community banking, Link Bancorp focuses on building long-term relationships with individuals, businesses and nonprofit organizations across its footprint.

The company’s core activities include commercial and consumer lending, residential mortgage financing, deposit account services and treasury management solutions.