FY2025 EPS Estimates for LINKBANCORP Reduced by DA Davidson

LINKBANCORP, Inc. (NASDAQ:LNKB) – Stock analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of LINKBANCORP in a note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $0.85 for the year, down from their prior estimate of $0.86. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.84 per share.

LINKBANCORP (NASDAQ:LNKB) last issued its earnings results on Monday, April 28th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. LINKBANCORP had a return on equity of 10.17% and a net margin of 19.85%. The company had revenue of $39.09 million during the quarter, compared to analysts’ expectations of $28.56 million.

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

LINKBANCORP Trading Up 1.9%

NASDAQ LNKB opened at $7.67 on Wednesday. The stock has a market cap of $286.70 million, a P/E ratio of 7.99 and a beta of 0.48. LINKBANCORP has a fifty-two week low of $6.00 and a fifty-two week high of $7.98. The stock has a 50 day simple moving average of $6.99 and a two-hundred day simple moving average of $7.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.02.

LINKBANCORP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.91%. LINKBANCORP’s dividend payout ratio is currently 31.25%.

Hedge Funds Weigh In On LINKBANCORP

Hedge funds have recently bought and sold shares of the company. FJ Capital Management LLC lifted its stake in shares of LINKBANCORP by 5.3% in the first quarter. FJ Capital Management LLC now owns 3,728,660 shares of the company’s stock worth $25,280,000 after buying an additional 188,722 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of LINKBANCORP by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 1,965,305 shares of the company’s stock worth $14,700,000 after purchasing an additional 10,549 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of LINKBANCORP by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 565,304 shares of the company’s stock valued at $4,229,000 after purchasing an additional 2,529 shares in the last quarter. Northern Trust Corp boosted its position in shares of LINKBANCORP by 10.0% during the fourth quarter. Northern Trust Corp now owns 205,770 shares of the company’s stock valued at $1,539,000 after buying an additional 18,707 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in LINKBANCORP during the 1st quarter valued at about $811,000. Institutional investors own 37.52% of the company’s stock.

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.