FJ Capital Management LLC Increases Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

FJ Capital Management LLC lifted its holdings in shares of LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) by 22.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,539,938 shares of the company's stock after buying an additional 637,649 shares during the period. LINKBANCORP comprises about 3.1% of FJ Capital Management LLC's portfolio, making the stock its 9th biggest holding. FJ Capital Management LLC owned about 9.47% of LINKBANCORP worth $26,479,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its holdings in shares of LINKBANCORP by 2,122.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company's stock worth $50,000 after buying an additional 6,366 shares in the last quarter. Invesco Ltd. acquired a new position in shares of LINKBANCORP during the 4th quarter worth $78,000. Wells Fargo & Company MN raised its holdings in shares of LINKBANCORP by 27.8% during the 4th 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. Stonebridge Financial Group LLC acquired a new position in shares of LINKBANCORP during the 4th quarter worth $150,000. Finally, Bank of America Corp DE raised its holdings in shares of LINKBANCORP by 31.1% during the 4th quarter. Bank of America Corp DE now owns 22,444 shares of the company's stock worth $168,000 after buying an additional 5,322 shares in the last quarter. Institutional investors and hedge funds own 37.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LNKB. DA Davidson reissued a "buy" rating and set a $9.00 price target on shares of LINKBANCORP in a report on Thursday, January 30th. Hovde Group assumed coverage on LINKBANCORP in a report on Tuesday, April 1st. They issued an "outperform" rating and a $8.50 target price for the company.

LINKBANCORP Price Performance

LNKB traded down $0.11 on Friday, reaching $7.00. The stock had a trading volume of 15,484 shares, compared to its average volume of 62,241. LINKBANCORP, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $7.98. The firm has a 50-day moving average of $6.75 and a 200-day moving average of $7.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $261.64 million, a price-to-earnings ratio of 10.00 and a beta of 0.49.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last issued 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. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. The company had revenue of $39.09 million for the quarter, compared to analysts' expectations of $28.56 million. As a group, sell-side analysts anticipate that LINKBANCORP, Inc. will post 0.84 EPS for the current year.

LINKBANCORP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.30 annualized dividend and a dividend yield of 4.29%. LINKBANCORP's payout ratio is 31.25%.

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.