FJ Capital Management LLC Increases Stake in LINKBANCORP, Inc. $LNKB

Key Points

• FJ Capital Management LLC increased its holdings in LINKBANCORP by 5.3%, owning approximately 3.73 million shares worth $25.28 million, which constitutes 2.6% of its overall portfolio.
• LINKBANCORP has a market capitalization of $272.64 million and reported earnings of $0.20 per share, meeting analyst expectations.
• The company declared a quarterly dividend of $0.075 per share, translating to a 4.1% yield, with payment set for September 15th.

FJ Capital Management LLC boosted its position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,728,660 shares of the company's stock after acquiring an additional 188,722 shares during the period. LINKBANCORP accounts for 2.6% of FJ Capital Management LLC's holdings, making the stock its 12th biggest position. FJ Capital Management LLC owned 9.98% of LINKBANCORP worth $25,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northern Trust Corp raised 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 during the last quarter. Segall Bryant & Hamill LLC purchased a new position in LINKBANCORP in the first quarter valued at $811,000. Charles Schwab Investment Management Inc. increased its holdings in LINKBANCORP by 12.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 64,967 shares of the company's stock valued at $440,000 after buying an additional 6,998 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in LINKBANCORP in the fourth quarter valued at $351,000. Finally, Deutsche Bank AG grew its position in shares of LINKBANCORP by 7.7% in the fourth quarter. Deutsche Bank AG now owns 30,566 shares of the company's stock valued at $229,000 after purchasing an additional 2,190 shares during the period. Hedge funds and other institutional investors own 37.52% of the company's stock.

LINKBANCORP Price Performance

Shares of NASDAQ LNKB traded down $0.03 during trading on Wednesday, hitting $7.16. The company had a trading volume of 37,493 shares, compared to its average volume of 38,992. The stock has a fifty day simple moving average of $7.26 and a two-hundred day simple moving average of $7.03. LINKBANCORP, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $7.98. The firm has a market capitalization of $268.14 million, a price-to-earnings ratio of 7.16 and a beta of 0.48. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. LINKBANCORP had a net margin of 20.62% and a return on equity of 10.32%. The firm had revenue of $27.88 million for the quarter, compared to analyst estimates of $28.88 million. On average, research analysts expect that LINKBANCORP, Inc. will post 0.84 earnings per share for the current year.

LINKBANCORP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, August 29th. LINKBANCORP's dividend payout ratio is currently 30.00%.

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.