Stephens reiterated their equal weight rating on shares of LINKBANCORP (NASDAQ:LNKB - Free Report) in a research report report published on Monday morning, Benzinga reports. Stephens currently has a $7.50 target price on the stock.
LINKBANCORP Price Performance
LINKBANCORP stock traded down $0.03 during trading on Monday, reaching $6.50. The company had a trading volume of 36,954 shares, compared to its average volume of 33,945. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. LINKBANCORP has a 1-year low of $4.80 and a 1-year high of $8.29. The firm has a market capitalization of $242.78 million, a PE ratio of -25.00 and a beta of 0.62. The firm's 50-day simple moving average is $6.74 and its 200 day simple moving average is $6.90.
LINKBANCORP Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.075 dividend. The ex-dividend date 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 currently -115.38%.
Institutional Investors Weigh In On LINKBANCORP
A number of large investors have recently modified their holdings of LNKB. Sandy Spring Bank acquired a new position in LINKBANCORP during the fourth quarter worth about $37,000. Heritage Wealth Advisors purchased a new stake in shares of LINKBANCORP in the fourth quarter valued at approximately $39,000. Leo Wealth LLC acquired a new stake in shares of LINKBANCORP in the fourth quarter valued at approximately $92,000. Cambridge Investment Research Advisors Inc. purchased a new position in LINKBANCORP during the third quarter worth approximately $85,000. Finally, Kingsview Wealth Management LLC purchased a new position in LINKBANCORP during the third quarter worth approximately $90,000. Hedge funds and other institutional investors own 37.52% of the company's stock.
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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