LINKBANCORP, Inc. (NASDAQ:LNKB) Short Interest Down 13.3% in May

LINKBANCORP, Inc. (NASDAQ:LNKB) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 259,200 shares, a decrease of 13.3% from the April 30th total of 299,100 shares. Based on an average daily trading volume, of 42,200 shares, the short-interest ratio is currently 6.1 days. Currently, 1.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Hovde Group assumed coverage on shares of LINKBANCORP in a research note on Tuesday, April 1st. They set an “outperform” rating and a $8.50 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. FJ Capital Management LLC increased its stake in LINKBANCORP by 5.3% in the first quarter. FJ Capital Management LLC now owns 3,728,660 shares of the company’s stock valued at $25,280,000 after acquiring an additional 188,722 shares during the last quarter. Nuveen LLC acquired a new stake in LINKBANCORP in the first quarter valued at approximately $194,000. Charles Schwab Investment Management Inc. grew its stake in shares of LINKBANCORP by 12.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 64,967 shares of the company’s stock worth $440,000 after buying an additional 6,998 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of LINKBANCORP during the first quarter worth $811,000. Finally, Deutsche Bank AG increased its holdings in shares of LINKBANCORP by 7.7% during the fourth quarter. Deutsche Bank AG now owns 30,566 shares of the company’s stock worth $229,000 after buying an additional 2,190 shares in the last quarter. 37.52% of the stock is owned by institutional investors.

LINKBANCORP Trading Down 0.4%

Shares of NASDAQ:LNKB opened at $6.83 on Thursday. LINKBANCORP has a 52-week low of $5.86 and a 52-week high of $7.98. The company has a market capitalization of $255.34 million, a P/E ratio of 9.76 and a beta of 0.45. The company has a 50-day simple moving average of $6.78 and a 200 day simple moving average of $7.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings results on Monday, April 28th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $39.09 million for the quarter, compared to analysts’ expectations of $28.56 million. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. Sell-side analysts forecast that LINKBANCORP will post 0.84 earnings per share for the current year.

LINKBANCORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.075 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.30 dividend on an annualized basis and a yield of 4.39%. LINKBANCORP’s dividend payout ratio (DPR) is 31.25%.

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.