LINKBANCORP, Inc. Expected to Post Q2 2024 Earnings of $0.18 Per Share (NASDAQ:LNKB)

LINKBANCORP, Inc. (NASDAQ:LNKB) – Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of LINKBANCORP in a note issued to investors on Thursday, May 2nd. DA Davidson analyst M. Navas anticipates that the company will earn $0.18 per share for the quarter. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.81 per share.

LINKBANCORP Stock Down 4.0 %

NASDAQ LNKB opened at $6.49 on Friday. The business has a fifty day moving average price of $6.78 and a 200 day moving average price of $6.89. LINKBANCORP has a one year low of $4.80 and a one year high of $8.29. 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 company has a market cap of $242.40 million, a P/E ratio of -24.96 and a beta of 0.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sandy Spring Bank acquired a new position in LINKBANCORP in the 4th quarter valued at $37,000. Heritage Wealth Advisors acquired a new stake in shares of LINKBANCORP in the 4th quarter worth $39,000. Leo Wealth LLC acquired a new stake in shares of LINKBANCORP in the 4th quarter worth $92,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of LINKBANCORP in the 3rd quarter worth $85,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of LINKBANCORP in the 3rd quarter worth $90,000. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.62%. The ex-dividend date was Wednesday, February 28th. LINKBANCORP’s dividend payout ratio is currently -115.38%.

About LINKBANCORP

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.