LINKBANCORP (NASDAQ:LNKB) Issues Quarterly Earnings Results, Hits Estimates

Key Points

• LINKBANCORP reported quarterly earnings of $0.20 per share, matching analysts' estimates.
• The company's net margin was 19.85% and return on equity stood at 10.17%.
• Hovde Group initiated coverage with an "outperform" rating and set a price target of $8.50 for LINKBANCORP shares.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20, Zacks reports. LINKBANCORP had a net margin of 19.85% and a return on equity of 10.17%.

LINKBANCORP Price Performance

NASDAQ:LNKB traded down $0.02 during mid-day trading on Monday, hitting $7.32. 28,247 shares of the company's stock traded hands, compared to its average volume of 46,417. The firm's 50 day simple moving average is $7.15 and its 200 day simple moving average is $7.06. The company has a market cap of $273.62 million, a PE ratio of 7.63 and a beta of 0.48. LINKBANCORP has a 1 year low of $6.00 and a 1 year high of $7.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.02.

Analysts Set New Price Targets

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

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.

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