Enhancing Capital LLC Takes $876,000 Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Enhancing Capital LLC bought a new stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 117,140 shares of the company's stock, valued at approximately $876,000. Enhancing Capital LLC owned 0.31% of LINKBANCORP as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its position in shares of LINKBANCORP by 22.2% during the 4th quarter. DAVENPORT & Co LLC now owns 28,109 shares of the company's stock worth $210,000 after buying an additional 5,109 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of LINKBANCORP by 2,122.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company's stock worth $50,000 after buying an additional 6,366 shares in the last quarter. Wealthspire Advisors LLC raised its position in shares of LINKBANCORP by 11.3% during the 4th quarter. Wealthspire Advisors LLC now owns 71,831 shares of the company's stock worth $537,000 after buying an additional 7,265 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of LINKBANCORP by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,038 shares of the company's stock worth $90,000 after buying an additional 7,910 shares in the last quarter. Finally, Barclays PLC raised its position in shares of LINKBANCORP by 53.0% during 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. 37.52% of the stock is owned by institutional investors and hedge funds.

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LINKBANCORP Price Performance

Shares of NASDAQ LNKB traded down $0.03 during midday trading on Friday, reaching $6.82. The company's stock had a trading volume of 85,622 shares, compared to its average volume of 58,258. 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 has a 50 day moving average price of $7.21 and a 200 day moving average price of $7.06. LINKBANCORP, Inc. has a one year low of $5.86 and a one year high of $7.98. The company has a market cap of $254.86 million, a price-to-earnings ratio of 9.74 and a beta of 0.37.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. On average, equities research analysts expect that LINKBANCORP, Inc. will post 0.84 EPS for the current year.

LINKBANCORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.40%. LINKBANCORP's payout ratio is currently 42.86%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "buy" rating and set 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.