Analysts Set Expectations for LINKBANCORP FY2025 Earnings

LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) - Equities researchers at DA Davidson decreased their FY2025 earnings estimates for LINKBANCORP in a research report issued to clients and investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $0.85 for the year, down from their previous estimate of $0.86. The consensus estimate for LINKBANCORP's current full-year earnings is $0.84 per share.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. LINKBANCORP had a net margin of 19.85% and a return on equity of 10.17%. The business had revenue of $39.09 million for the quarter, compared to analysts' expectations of $28.56 million.

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

LINKBANCORP Stock Up 1.9%

Shares of LNKB stock traded up $0.14 during trading hours on Wednesday, hitting $7.67. 46,245 shares of the company were exchanged, compared to its average volume of 51,719. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.02. LINKBANCORP has a one year low of $6.00 and a one year high of $7.98. The business's 50-day simple moving average is $7.01 and its two-hundred day simple moving average is $7.07. The stock has a market capitalization of $286.70 million, a price-to-earnings ratio of 7.99 and a beta of 0.48.

LINKBANCORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.075 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.30 dividend on an annualized basis and a yield of 3.91%. LINKBANCORP's dividend payout ratio is currently 31.25%.

Hedge Funds Weigh In On LINKBANCORP

A number of large investors have recently bought and sold shares of the business. FJ Capital Management LLC lifted its holdings in LINKBANCORP by 5.3% in the first quarter. FJ Capital Management LLC now owns 3,728,660 shares of the company's stock worth $25,280,000 after acquiring an additional 188,722 shares during the last quarter. Nuveen LLC bought a new position in LINKBANCORP in the first quarter worth about $194,000. Charles Schwab Investment Management Inc. lifted 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 worth $440,000 after acquiring an additional 6,998 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in LINKBANCORP in the first quarter worth about $811,000. Finally, Deutsche Bank AG lifted its holdings in LINKBANCORP by 7.7% in the fourth quarter. Deutsche Bank AG now owns 30,566 shares of the company's stock worth $229,000 after acquiring an additional 2,190 shares during the last quarter. Institutional investors own 37.52% of the company's stock.

About LINKBANCORP

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.