LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) - Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of LINKBANCORP in a research note issued on Thursday, May 2nd. DA Davidson analyst M. Navas expects that the company will post earnings per share of $0.18 for the quarter. The consensus estimate for LINKBANCORP's current full-year earnings is $0.81 per share.
LINKBANCORP (NASDAQ:LNKB - Get Free Report) last issued its earnings results on Monday, January 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.14. LINKBANCORP had a negative net margin of 5.10% and a positive return on equity of 6.11%. The business had revenue of $15.49 million for the quarter, compared to the consensus estimate of $16.42 million.
LINKBANCORP Stock Down 4.0 %
NASDAQ:LNKB traded down $0.27 during midday trading on Friday, reaching $6.49. 23,147 shares of the stock traded hands, compared to its average volume of 34,435. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50-day moving average of $6.78 and a two-hundred day moving average of $6.89. LINKBANCORP has a 12-month low of $4.80 and a 12-month high of $8.29. The stock has a market capitalization of $242.40 million, a PE ratio of -24.96 and a beta of 0.62.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of LNKB. Leo Wealth LLC acquired a new position in LINKBANCORP during the 4th quarter worth approximately $92,000. Mendon Capital Advisors Corp purchased a new stake in shares of LINKBANCORP during the 4th quarter worth $2,122,000. Heritage Wealth Advisors acquired a new stake in LINKBANCORP in the fourth quarter valued at $39,000. Brown Advisory Inc. purchased a new stake in shares of LINKBANCORP in the fourth quarter valued at $1,724,000. Finally, Wealthspire Advisors LLC acquired a new stake in shares of LINKBANCORP during the fourth quarter worth $515,000. Institutional investors and hedge funds own 37.52% of the company's stock.
LINKBANCORP Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 4.62%. LINKBANCORP's payout ratio is presently -115.38%.
About LINKBANCORP
(
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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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