Stonebridge Financial Group LLC Invests $150,000 in LINKBANCORP, Inc. (NASDAQ:LNKB)

Stonebridge Financial Group LLC purchased a new stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $150,000. Stonebridge Financial Group LLC owned approximately 0.05% of LINKBANCORP at the end of the most recent quarter.

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

LINKBANCORP Price Performance

LINKBANCORP stock opened at $7.41 on Thursday. The stock has a market cap of $276.91 million, a price-to-earnings ratio of 10.59 and a beta of 0.44. 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 simple moving average of $7.42 and a 200 day simple moving average of $6.93. LINKBANCORP, Inc. has a 52 week low of $5.86 and a 52 week high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.21 EPS for the quarter, topping 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%. On average, research analysts forecast that LINKBANCORP, Inc. will post 0.84 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

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

Analyst Ratings Changes

Separately, DA Davidson reiterated a “buy” rating and issued a $9.00 target price on shares of LINKBANCORP in a research note on Thursday, January 30th.

LINKBANCORP 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.