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

LINKBANCORP, Inc. (NASDAQ:LNKB) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 233,701 shares, an increase of 37.1% from the December 31st total of 170,490 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 273,765 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 273,765 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Trading of LINKBANCORP

Hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in LINKBANCORP by 359.5% in the 3rd quarter. CWM LLC now owns 3,837 shares of the company’s stock valued at $27,000 after purchasing an additional 3,002 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of LINKBANCORP in the 2nd quarter worth about $35,000. Police & Firemen s Retirement System of New Jersey bought a new position in LINKBANCORP during the second quarter valued at about $37,000. BNP Paribas Financial Markets increased its holdings in LINKBANCORP by 166.7% during the third quarter. BNP Paribas Financial Markets now owns 7,277 shares of the company’s stock worth $52,000 after buying an additional 4,548 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in LINKBANCORP by 2,798.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,695 shares of the company’s stock worth $62,000 after buying an additional 8,395 shares during the last quarter. 37.52% of the stock is currently owned by institutional investors.

LINKBANCORP Stock Up 2.0%

Shares of LINKBANCORP stock traded up $0.17 on Friday, hitting $8.75. The company had a trading volume of 392,735 shares, compared to its average volume of 203,087. LINKBANCORP has a 1 year low of $6.09 and a 1 year high of $9.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average of $8.26 and a 200-day moving average of $7.56. The stock has a market capitalization of $327.74 million, a price-to-earnings ratio of 9.72 and a beta of 0.40.

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

LINKBANCORP Announces Dividend

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

Analysts Set New Price Targets

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