LINKBANCORP, Inc. (NASDAQ:LNKB) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 2,122.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,666 shares of the company’s stock after buying an additional 6,366 shares during the period. Wilmington Savings Fund Society FSB’s holdings in LINKBANCORP were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNKB. Fourthstone LLC raised its stake in shares of LINKBANCORP by 234.1% in the 3rd 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. Geode Capital Management LLC raised its position in LINKBANCORP by 13.7% in the third quarter. Geode Capital Management LLC now owns 562,775 shares of the company’s stock worth $3,608,000 after acquiring an additional 67,728 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in LINKBANCORP by 133.1% in the 3rd 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 during the last quarter. State Street Corp grew its stake in shares of LINKBANCORP by 5.5% in the 3rd quarter. State Street Corp now owns 283,891 shares of the company’s stock worth $1,820,000 after purchasing an additional 14,730 shares during the last quarter. Finally, Barclays PLC lifted 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 purchasing an additional 13,818 shares during the last quarter. 37.52% of the stock is owned by institutional investors.

LINKBANCORP Price Performance

Shares of LINKBANCORP stock opened at $7.41 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. LINKBANCORP, Inc. has a 12-month low of $5.86 and a 12-month high of $7.98. The firm has a market capitalization of $276.91 million, a PE ratio of 10.59 and a beta of 0.44. The stock’s fifty day moving average is $7.41 and its 200-day moving average is $6.93.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.21 earnings per share (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%. Equities analysts anticipate that LINKBANCORP, Inc. 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 Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Friday, February 28th. LINKBANCORP’s dividend payout ratio is 42.86%.

Wall Street Analyst Weigh In

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

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.