Brokers Set Expectations for LINKBANCORP FY2024 Earnings

LINKBANCORP, Inc. (NASDAQ:LNKB) – Equities research analysts at DA Davidson lowered their FY2024 earnings estimates for shares of LINKBANCORP in a report released on Thursday, October 31st. DA Davidson analyst M. Navas now forecasts that the company will post earnings of $0.72 per share for the year, down from their prior estimate of $0.76. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.70 per share. DA Davidson also issued estimates for LINKBANCORP’s Q4 2024 earnings at $0.20 EPS.

LINKBANCORP Stock Performance

Shares of LNKB stock opened at $7.04 on Friday. LINKBANCORP has a 12 month low of $5.86 and a 12 month high of $8.29. The stock has a market cap of $263.01 million, a PE ratio of -100.57 and a beta of 0.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average price is $6.41 and its 200-day moving average price is $6.48.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, October 28th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.92%. The firm had revenue of $27.66 million for the quarter, compared to analysts’ expectations of $27.33 million.

LINKBANCORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Friday, August 30th. LINKBANCORP’s dividend payout ratio (DPR) is presently -428.57%.

Insider Activity

In related news, Director George Parmer purchased 5,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $6.46 per share, with a total value of $32,300.00. Following the transaction, the director now directly owns 185,488 shares in the company, valued at $1,198,252.48. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $6.21, for a total value of $29,441.61. Following the completion of the transaction, the director now owns 36,353 shares of the company’s stock, valued at $225,752.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Parmer bought 5,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $6.46 per share, with a total value of $32,300.00. Following the transaction, the director now owns 185,488 shares in the company, valued at $1,198,252.48. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 38,223 shares of company stock worth $239,183 and have sold 16,741 shares worth $107,022. Company insiders own 35.84% of the company’s stock.

Hedge Funds Weigh In On LINKBANCORP

A number of hedge funds have recently bought and sold shares of LNKB. The Manufacturers Life Insurance Company purchased a new position in LINKBANCORP in the 2nd quarter worth about $65,000. Truist Financial Corp purchased a new position in LINKBANCORP in the 2nd quarter worth about $73,000. Rhumbline Advisers purchased a new position in LINKBANCORP in the 2nd quarter worth about $137,000. Renaissance Technologies LLC purchased a new position in LINKBANCORP in the 2nd quarter worth about $151,000. Finally, Hillsdale Investment Management Inc. purchased a new position in LINKBANCORP in the 1st quarter worth about $164,000. Hedge funds and other 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.