LINKBANCORP, Inc. (NASDAQ:LNKB) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) by 145.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,217 shares of the company's stock after acquiring an additional 43,429 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of LINKBANCORP worth $548,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. LPL Financial LLC increased its stake in LINKBANCORP by 8.3% in the 4th quarter. LPL Financial LLC now owns 52,844 shares of the company's stock valued at $395,000 after purchasing an additional 4,072 shares in the last quarter. Enhancing Capital LLC acquired a new position in shares of LINKBANCORP during the 4th quarter worth $876,000. Bank of New York Mellon Corp boosted its position in shares of LINKBANCORP by 30.6% in the 4th quarter. Bank of New York Mellon Corp now owns 67,644 shares of the company's stock worth $506,000 after buying an additional 15,852 shares in the last quarter. Wealthspire Advisors LLC grew its stake in LINKBANCORP by 11.3% in the 4th 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. Finally, Stonebridge Financial Group LLC acquired a new position in LINKBANCORP during the fourth quarter worth about $150,000. Hedge funds and other institutional investors own 37.52% of the company's stock.

Wall Street Analysts Forecast Growth

LNKB has been the topic of a number of recent research reports. DA Davidson reaffirmed a "buy" rating and issued a $9.00 target price on shares of LINKBANCORP in a research note on Thursday, January 30th. Hovde Group assumed coverage on shares of LINKBANCORP in a report on Tuesday, April 1st. They issued an "outperform" rating and a $8.50 target price on the stock.

LINKBANCORP Price Performance

Shares of NASDAQ:LNKB remained flat at $6.80 during midday trading on Tuesday. The stock had a trading volume of 28,386 shares, compared to its average volume of 61,982. The company's 50-day moving average is $6.78 and its 200 day moving average is $7.14. LINKBANCORP, Inc. has a twelve month low of $5.86 and a twelve month high of $7.98. The firm has a market cap of $254.16 million, a price-to-earnings ratio of 9.71 and a beta of 0.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last announced 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 business had revenue of $39.09 million for the quarter, compared to analyst estimates of $28.56 million. Sell-side analysts anticipate that LINKBANCORP, Inc. will post 0.84 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

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

LINKBANCORP Company 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.