Short Interest in LINKBANCORP, Inc. (NASDAQ:LNKB) Expands By 20.7%

LINKBANCORP, Inc. (NASDAQ:LNKB) saw a large growth in short interest in 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. Based on an average daily 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. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 206,034 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On LINKBANCORP

Several large investors have recently bought and sold shares of LNKB. Bernardo Wealth Planning LLC bought a new stake in shares of LINKBANCORP during the 2nd quarter valued at $200,000. Fourthstone LLC grew its stake in shares of LINKBANCORP by 162.3% during the second quarter. Fourthstone LLC now owns 327,439 shares of the company’s stock worth $2,394,000 after purchasing an additional 202,598 shares during the period. Los Angeles Capital Management LLC bought a new stake in LINKBANCORP in the second quarter valued at about $161,000. Squarepoint Ops LLC lifted its stake in LINKBANCORP by 104.0% in the third quarter. Squarepoint Ops LLC now owns 39,235 shares of the company’s stock valued at $280,000 after buying an additional 20,001 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in LINKBANCORP during the third quarter worth about $471,000. 37.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

LINKBANCORP Stock Performance

LNKB stock opened at $8.81 on Wednesday. The company has a 50 day moving average price of $8.75 and a 200 day moving average price of $7.86. LINKBANCORP has a fifty-two week low of $6.09 and a fifty-two week high of $9.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $330.11 million, a PE ratio of 9.79 and a beta of 0.40.

LINKBANCORP (NASDAQ:LNKB) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.13). The firm had revenue of $30.04 million during the quarter, compared to the consensus estimate of $30.03 million. LINKBANCORP had a net margin of 17.97% and a return on equity of 8.85%. Analysts forecast that LINKBANCORP will post 0.84 EPS for the current year.

LINKBANCORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. LINKBANCORP’s dividend payout ratio (DPR) is 33.33%.

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.