Stock analysts at Hovde Group initiated coverage on shares of LINKBANCORP (NASDAQ:LNKB - Get Free Report) in a report issued on Tuesday, Marketbeat reports. The firm set an "outperform" rating and a $8.50 price target on the stock. Hovde Group's target price would suggest a potential upside of 29.77% from the company's previous close.
Separately, DA Davidson restated a "buy" rating and set a $9.00 price objective on shares of LINKBANCORP in a research report on Thursday, January 30th.
View Our Latest Stock Analysis on LNKB
LINKBANCORP Stock Down 3.0 %
LNKB traded down $0.20 during trading on Tuesday, hitting $6.55. The company had a trading volume of 107,319 shares, compared to its average volume of 60,559. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. LINKBANCORP has a 1-year low of $5.86 and a 1-year high of $7.98. The business has a 50-day moving average of $7.14 and a 200-day moving average of $7.11. The company has a market cap of $244.77 million, a PE ratio of 9.36 and a beta of 0.37.
LINKBANCORP (NASDAQ:LNKB - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. As a group, analysts forecast that LINKBANCORP will post 0.84 earnings per share for the current year.
Institutional Trading of LINKBANCORP
A number of hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position in shares of LINKBANCORP by 2,122.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company's stock valued at $50,000 after acquiring an additional 6,366 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of LINKBANCORP in the fourth quarter worth $78,000. MetLife Investment Management LLC grew its holdings in shares of LINKBANCORP by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,038 shares of the company's stock valued at $90,000 after buying an additional 7,910 shares in the last quarter. Wells Fargo & Company MN raised its position in LINKBANCORP by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,989 shares of the company's stock valued at $97,000 after buying an additional 2,829 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in LINKBANCORP in the 4th quarter worth about $150,000. 37.52% of the stock is owned by hedge funds and other institutional investors.
About LINKBANCORP
(
Get Free Report)
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.
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