LINKBANCORP, Inc. (NASDAQ:LNKB) Stock Holdings Raised by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in LINKBANCORP, Inc. (NASDAQ:LNKB) by 2,122.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,666 shares of the company’s stock after purchasing an additional 6,366 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in LINKBANCORP were worth $50,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of LNKB. Fourthstone LLC lifted its holdings in LINKBANCORP by 234.1% during the 3rd quarter. Fourthstone LLC now owns 444,223 shares of the company’s stock worth $2,847,000 after buying an additional 311,271 shares during the last quarter. Geode Capital Management LLC raised its position in shares of LINKBANCORP by 13.7% during the 3rd quarter. Geode Capital Management LLC now owns 562,775 shares of the company’s stock valued at $3,608,000 after acquiring an additional 67,728 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in LINKBANCORP by 133.1% during the third quarter. JPMorgan Chase & Co. now owns 29,788 shares of the company’s stock worth $191,000 after purchasing an additional 17,011 shares during the last quarter. State Street Corp boosted its holdings in LINKBANCORP by 5.5% in the third quarter. State Street Corp now owns 283,891 shares of the company’s stock worth $1,820,000 after purchasing an additional 14,730 shares during the period. Finally, Barclays PLC boosted its holdings in LINKBANCORP by 53.0% in the third quarter. Barclays PLC now owns 39,897 shares of the company’s stock worth $257,000 after purchasing an additional 13,818 shares during the period. Institutional investors own 37.52% of the company’s stock.

LINKBANCORP Stock Performance

Shares of LNKB stock opened at $7.41 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $7.41 and a two-hundred day moving average of $6.93. The company has a market cap of $276.91 million, a P/E ratio of 10.59 and a beta of 0.44. LINKBANCORP, Inc. has a 52 week low of $5.86 and a 52 week high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings data on Monday, January 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. As a group, analysts anticipate that LINKBANCORP, Inc. will post 0.84 EPS for the current year.

LINKBANCORP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.05%. LINKBANCORP’s dividend payout ratio (DPR) is presently 42.86%.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and set a $9.00 target price on shares of LINKBANCORP in a report on Thursday, January 30th.

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.