LINKBANCORP (NASDAQ:LNKB) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• LINKBANCORP (NASDAQ:LNKB) has received a "hold (C+)" rating from Weiss Ratings, indicating a cautious outlook on the stock.
• The company's stock is currently valued at $7.06, with a 12-month trading range between $6.09 and $7.98, and a market cap of $264.39 million.
• LINKBANCORP reported earnings of $0.20 per share for the last quarter, aligning with analysts' expectations, but revenue fell short of estimates at $27.88 million.

LINKBANCORP (NASDAQ:LNKB - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

LINKBANCORP Stock Up 0.3%

Shares of NASDAQ:LNKB opened at $7.06 on Wednesday. The stock's 50-day moving average price is $7.16 and its two-hundred day moving average price is $7.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. LINKBANCORP has a 12-month low of $6.09 and a 12-month high of $7.98. The firm has a market cap of $264.39 million, a price-to-earnings ratio of 7.06 and a beta of 0.46.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The firm had revenue of $27.88 million for the quarter, compared to analyst estimates of $28.88 million. LINKBANCORP had a return on equity of 10.32% and a net margin of 20.62%. On average, research analysts forecast that LINKBANCORP will post 0.84 EPS for the current year.

Hedge Funds Weigh In On LINKBANCORP

Hedge funds and other institutional investors have recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of LINKBANCORP in the 2nd quarter valued at about $35,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of LINKBANCORP during the 2nd quarter valued at about $37,000. Tower Research Capital LLC TRC raised its holdings in shares of LINKBANCORP by 464.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,407 shares of the company's stock valued at $69,000 after buying an additional 7,741 shares during the period. Sei Investments Co. purchased a new stake in shares of LINKBANCORP during the 2nd quarter valued at about $74,000. Finally, Invesco Ltd. raised its holdings in shares of LINKBANCORP by 28.6% during the 2nd quarter. Invesco Ltd. now owns 12,985 shares of the company's stock valued at $95,000 after buying an additional 2,887 shares during the period. 37.52% of the stock is owned by institutional investors and hedge funds.

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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