LINKBANCORP (NASDAQ:LNKB) Rating Increased to Strong-Buy at DA Davidson

Key Points

• LINKBANCORP's stock rating was upgraded to Strong-Buy by DA Davidson, indicating positive sentiment among analysts.
• The company's current price is $6.98, with a market cap of $261.39 million and a 12-month price range between $6.09 and $7.98.
• LINKBANCORP reported a quarterly EPS of $0.05, with projections estimating an annual EPS of 0.84 for the current year.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) was upgraded by equities research analysts at DA Davidson to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of LINKBANCORP in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, LINKBANCORP presently has a consensus rating of "Buy" and an average price target of $8.75.

LINKBANCORP Price Performance

NASDAQ:LNKB opened at $6.98 on Monday. The firm has a market cap of $261.39 million, a price-to-earnings ratio of 6.98 and a beta of 0.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. The company's 50-day moving average is $7.20 and its two-hundred day moving average is $7.05. LINKBANCORP has a 12-month low of $6.09 and a 12-month high of $7.98.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 EPS for the quarter. LINKBANCORP had a net margin of 20.62% and a return on equity of 10.32%. The company had revenue of $8.47 million during the quarter. Research analysts expect that LINKBANCORP will post 0.84 EPS for the current year.

Institutional Trading of LINKBANCORP

Large investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in shares of LINKBANCORP during the 1st quarter valued at approximately $811,000. Charles Schwab Investment Management Inc. boosted its stake in shares of LINKBANCORP by 12.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 64,967 shares of the company's stock valued at $440,000 after buying an additional 6,998 shares during the last quarter. Nuveen LLC purchased a new position in shares of LINKBANCORP during the 1st quarter valued at approximately $194,000. FJ Capital Management LLC boosted its stake in shares of LINKBANCORP by 5.3% during the 1st quarter. FJ Capital Management LLC now owns 3,728,660 shares of the company's stock valued at $25,280,000 after buying an additional 188,722 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of LINKBANCORP during the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 37.52% of the company's stock.

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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