DA Davidson Brokers Cut Earnings Estimates for LINKBANCORP

LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) - Stock analysts at DA Davidson reduced their FY2024 earnings per share estimates for shares of LINKBANCORP in a research note issued 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 previous 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 Trading Down 1.7 %

NASDAQ LNKB traded down $0.12 on Friday, hitting $7.04. 43,037 shares of the company were exchanged, compared to its average volume of 57,900. The company's 50 day moving average price is $6.40 and its 200-day moving average price is $6.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $263.01 million, a P/E ratio of -103.57 and a beta of 0.51. LINKBANCORP has a twelve month low of $5.86 and a twelve month high of $8.29.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $27.66 million for the quarter, compared to the consensus estimate of $27.33 million. LINKBANCORP had a return on equity of 7.92% and a net margin of 3.65%.

LINKBANCORP Dividend Announcement

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 $0.075 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.26%. LINKBANCORP's dividend payout ratio is -428.57%.

Insider Activity

In other news, Director Mona D. Albertine sold 4,741 shares of the company's 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 transaction, the director now owns 36,353 shares in the company, valued at $225,752.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Mona D. Albertine sold 4,741 shares of the company's 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 transaction, the director now owns 36,353 shares in the company, valued at $225,752.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Catherine Eisel acquired 23,643 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $6.23 per share, for a total transaction of $147,295.89. Following the acquisition, the insider now directly owns 23,643 shares of the company's stock, valued at $147,295.89. 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. 35.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LINKBANCORP

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in LINKBANCORP during the second quarter worth approximately $65,000. Truist Financial Corp bought a new stake in LINKBANCORP during the second quarter worth approximately $73,000. Rhumbline Advisers bought a new stake in LINKBANCORP during the second quarter worth approximately $137,000. Hillsdale Investment Management Inc. bought a new stake in LINKBANCORP during the first quarter worth approximately $164,000. Finally, Renaissance Technologies LLC bought a new stake in shares of LINKBANCORP in the second quarter valued at approximately $151,000. Institutional investors own 37.52% of the company's stock.

About LINKBANCORP

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.