BNP Paribas Financial Markets Purchases Shares of 46,880 LINKBANCORP, Inc. (NASDAQ:LNKB)

BNP Paribas Financial Markets bought a new position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,880 shares of the company's stock, valued at approximately $351,000. BNP Paribas Financial Markets owned about 0.13% of LINKBANCORP as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in LNKB. JPMorgan Chase & Co. grew its holdings in shares of LINKBANCORP by 133.1% during the third quarter. JPMorgan Chase & Co. now owns 29,788 shares of the company's stock worth $191,000 after purchasing an additional 17,011 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in LINKBANCORP by 22.2% in the fourth quarter. DAVENPORT & Co LLC now owns 28,109 shares of the company's stock valued at $210,000 after acquiring an additional 5,109 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in LINKBANCORP by 2,122.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company's stock valued at $50,000 after acquiring an additional 6,366 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in LINKBANCORP in the fourth quarter valued at about $150,000. Finally, Wealthspire Advisors LLC boosted its holdings in LINKBANCORP by 11.3% in the fourth quarter. Wealthspire Advisors LLC now owns 71,831 shares of the company's stock valued at $537,000 after acquiring an additional 7,265 shares during the last quarter. Institutional investors own 37.52% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on LNKB. Hovde Group began coverage on LINKBANCORP in a report on Tuesday, April 1st. They issued an "outperform" rating and a $8.50 price target on the stock. DA Davidson reiterated a "buy" rating and issued a $9.00 price target on shares of LINKBANCORP in a report on Thursday, January 30th.

LINKBANCORP Trading Down 0.3%

NASDAQ:LNKB traded down $0.02 during mid-day trading on Thursday, hitting $6.80. The company had a trading volume of 80,014 shares, compared to its average volume of 62,151. LINKBANCORP, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $7.98. The business's fifty day moving average is $6.80 and its two-hundred day moving average is $7.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $254.22 million, a P/E ratio of 9.71 and a beta of 0.49.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. The firm had revenue of $39.09 million for the quarter, compared to analyst estimates of $28.56 million. As a group, research analysts expect that LINKBANCORP, Inc. will post 0.84 earnings per share for the current year.

LINKBANCORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, May 30th. LINKBANCORP's dividend payout ratio is currently 31.25%.

LINKBANCORP 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.