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

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of LINKBANCORP by 10.0% in the fourth quarter. Northern Trust Corp now owns 205,770 shares of the company's stock worth $1,539,000 after buying an additional 18,707 shares in the last quarter. Mendon Capital Advisors Corp lifted its holdings in shares of LINKBANCORP by 64.3% in the fourth quarter. Mendon Capital Advisors Corp now owns 107,028 shares of the company's stock worth $801,000 after buying an additional 41,873 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of LINKBANCORP in the fourth quarter worth about $78,000. Wells Fargo & Company MN lifted its holdings in shares of LINKBANCORP by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,989 shares of the company's stock worth $97,000 after buying an additional 2,829 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of LINKBANCORP by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 565,304 shares of the company's stock worth $4,229,000 after buying an additional 2,529 shares in the last quarter. 37.52% of the stock is owned by hedge funds and other institutional investors.

LINKBANCORP Price Performance

Shares of LNKB stock traded up $0.07 during trading on Friday, hitting $6.87. The company had a trading volume of 52,890 shares, compared to its average volume of 62,434. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock's 50-day moving average is $6.79 and its two-hundred day moving average is $7.15. The stock has a market capitalization of $256.83 million, a price-to-earnings ratio of 9.81 and a beta of 0.49. LINKBANCORP, Inc. has a 52 week low of $5.86 and a 52 week high of $7.98.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $39.09 million for the quarter, compared to analysts' expectations of $28.56 million. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. As a group, analysts predict that LINKBANCORP, Inc. will post 0.84 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Friday, May 30th. LINKBANCORP's dividend payout ratio (DPR) is 31.25%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group began coverage on shares of LINKBANCORP in a report on Tuesday, April 1st. They issued an "outperform" rating and a $8.50 price target on the stock.

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.