Equities research analysts at Hovde Group started coverage on shares of LINKBANCORP (NASDAQ:LNKB – Get Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $8.50 price target on the stock. Hovde Group’s price objective points to a potential upside of 18.55% from the stock’s previous close.
Separately, DA Davidson reissued a “buy” rating and issued a $9.00 target price on shares of LINKBANCORP in a report on Thursday, January 30th.
View Our Latest Analysis on LNKB
LINKBANCORP Price Performance
LINKBANCORP (NASDAQ:LNKB – Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that LINKBANCORP will post 0.84 EPS for the current fiscal year.
Institutional Trading of LINKBANCORP
A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of LINKBANCORP by 13.7% in the third quarter. Geode Capital Management LLC now owns 562,775 shares of the company’s stock valued at $3,608,000 after purchasing an additional 67,728 shares in the last quarter. State Street Corp lifted its position in LINKBANCORP by 5.5% during the third quarter. State Street Corp now owns 283,891 shares of the company’s stock valued at $1,820,000 after purchasing an additional 14,730 shares during the last quarter. Barclays PLC grew its stake in shares of LINKBANCORP by 53.0% in the 3rd quarter. Barclays PLC now owns 39,897 shares of the company’s stock worth $257,000 after buying an additional 13,818 shares in the last quarter. Enhancing Capital LLC bought a new stake in shares of LINKBANCORP in the 4th quarter worth about $876,000. Finally, JPMorgan Chase & Co. raised its position in shares of LINKBANCORP by 133.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,788 shares of the company’s stock valued at $191,000 after buying an additional 17,011 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.
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.
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