LINKBANCORP, Inc. (NASDAQ:LNKB) Short Interest Down 15.0% in April

Key Points

• Short interest fell 15.0% in April to 348,137 shares, about 1.5% of the company's stock, leaving a short-interest ratio of 5.3 days.
• Analysts hold a consensus rating of Hold with a consensus target price of $9.63, though coverage is mixed (Weiss upgraded to Buy while Zacks downgraded to Hold).
• LINKBANCORP missed Q4 EPS expectations, reporting $0.10 versus a $0.23 consensus; the stock trades near $8.69 with a market cap of $325.6 million and a PE of 9.66.

LINKBANCORP, Inc. (NASDAQ:LNKB - Get Free Report) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 348,137 shares, a decline of 15.0% from the March 31st total of 409,533 shares. Currently, 1.5% of the company's stock are short sold. Based on an average daily trading volume, of 65,983 shares, the short-interest ratio is currently 5.3 days.

Hedge Funds Weigh In On LINKBANCORP

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in LINKBANCORP by 2.7% in the 4th quarter. Barclays PLC now owns 42,545 shares of the company's stock valued at $351,000 after acquiring an additional 1,135 shares during the period. Invesco Ltd. increased its position in LINKBANCORP by 11.9% in the 4th quarter. Invesco Ltd. now owns 15,242 shares of the company's stock valued at $126,000 after acquiring an additional 1,626 shares during the period. CWM LLC increased its position in LINKBANCORP by 48.0% in the 4th quarter. CWM LLC now owns 5,677 shares of the company's stock valued at $47,000 after acquiring an additional 1,840 shares during the period. Stonebridge Financial Group LLC increased its position in LINKBANCORP by 9.9% in the 3rd quarter. Stonebridge Financial Group LLC now owns 22,950 shares of the company's stock valued at $164,000 after acquiring an additional 2,075 shares during the period. Finally, Geode Capital Management LLC increased its position in LINKBANCORP by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 587,084 shares of the company's stock valued at $4,293,000 after acquiring an additional 2,291 shares during the period. Institutional investors and hedge funds own 37.52% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on LNKB shares. Weiss Ratings raised LINKBANCORP from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, January 20th. Zacks Research downgraded LINKBANCORP from a "strong-buy" rating to a "hold" rating in a report on Monday, February 16th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9.63.

LINKBANCORP Stock Performance

Shares of LINKBANCORP stock remained flat at $8.69 on Friday. The stock had a trading volume of 499,279 shares, compared to its average volume of 88,542. LINKBANCORP has a fifty-two week low of $6.55 and a fifty-two week high of $9.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a market cap of $325.60 million, a PE ratio of 9.66 and a beta of 0.43. The business has a 50-day moving average price of $8.58 and a 200 day moving average price of $8.24.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last posted its earnings results on Monday, January 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.13). LINKBANCORP had a net margin of 17.97% and a return on equity of 8.80%. The firm had revenue of $30.04 million during the quarter, compared to analysts' expectations of $30.03 million. Analysts predict that LINKBANCORP will post 0.94 EPS for the current fiscal year.

LINKBANCORP Company Profile

Link Bancorp, Inc is a bank holding company headquartered in Wheeling, West Virginia, serving as the parent of Link Bank. Established to support the growth of a regional financial institution, the company offers a broad range of banking and financial services through its subsidiary, Link Bank. With an emphasis on community banking, Link Bancorp focuses on building long-term relationships with individuals, businesses and nonprofit organizations across its footprint.

The company’s core activities include commercial and consumer lending, residential mortgage financing, deposit account services and treasury management solutions.

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