Equities research analysts at Hovde Group initiated coverage on shares of LINKBANCORP (NASDAQ:LNKB - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The brokerage set an "outperform" rating and a $8.50 price target on the stock. Hovde Group's target price suggests a potential upside of 25.93% from the stock's current price.
Separately, DA Davidson reissued a "buy" rating and issued a $9.00 price target on shares of LINKBANCORP in a report on Thursday, January 30th.
Get Our Latest Stock Analysis on LINKBANCORP
LINKBANCORP Stock Down 5.9 %
NASDAQ:LNKB traded down $0.42 during midday trading on Tuesday, reaching $6.75. 48,543 shares of the stock traded hands, compared to its average volume of 60,050. The stock has a market capitalization of $252.25 million, a PE ratio of 9.64 and a beta of 0.37. LINKBANCORP has a 12-month low of $5.86 and a 12-month high of $7.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50-day moving average of $7.16 and a two-hundred day moving average of $7.11.
LINKBANCORP (NASDAQ:LNKB - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.21 EPS for the quarter, beating 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, equities analysts forecast that LINKBANCORP will post 0.84 earnings per share for the current fiscal year.
Hedge Funds Weigh In On LINKBANCORP
Several hedge funds have recently made changes to their positions in LNKB. Wilmington Savings Fund Society FSB grew its stake in LINKBANCORP by 2,122.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company's stock valued at $50,000 after purchasing an additional 6,366 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of LINKBANCORP during the fourth quarter worth about $78,000. MetLife Investment Management LLC boosted its position in LINKBANCORP by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,038 shares of the company's stock valued at $90,000 after buying an additional 7,910 shares during the last quarter. Wells Fargo & Company MN increased its holdings in LINKBANCORP by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 12,989 shares of the company's stock worth $97,000 after buying an additional 2,829 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in LINKBANCORP during the 4th quarter worth approximately $150,000. 37.52% of the stock is owned by institutional investors and hedge funds.
LINKBANCORP Company Profile
(
Get Free Report)
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.
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