DA Davidson Has Negative View of LINKBANCORP FY2025 Earnings

LINKBANCORP, Inc. (NASDAQ:LNKB - Free Report) - Equities researchers at DA Davidson lowered their FY2025 EPS estimates for LINKBANCORP in a research note issued to investors on Thursday, October 31st. DA Davidson analyst M. Navas now forecasts that the company will post earnings per share of $0.87 for the year, down from their previous estimate of $0.92. The consensus estimate for LINKBANCORP's current full-year earnings is $0.70 per share.

LINKBANCORP Price Performance

LNKB traded down $0.23 on Monday, hitting $6.81. 39,010 shares of the stock were exchanged, compared to its average volume of 57,811. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. LINKBANCORP has a 12 month low of $5.86 and a 12 month high of $8.29. The firm has a market capitalization of $254.45 million, a price-to-earnings ratio of -100.71 and a beta of 0.40. The business has a 50-day moving average of $6.41 and a two-hundred day moving average of $6.48.

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

Hedge Funds Weigh In On LINKBANCORP

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in shares of LINKBANCORP in the second quarter worth $65,000. Truist Financial Corp bought a new stake in shares of LINKBANCORP in the 2nd quarter valued at about $73,000. Rhumbline Advisers bought a new stake in shares of LINKBANCORP in the 2nd quarter valued at about $137,000. Hillsdale Investment Management Inc. acquired a new position in shares of LINKBANCORP in the first quarter worth approximately $164,000. Finally, Renaissance Technologies LLC acquired a new position in shares of LINKBANCORP in the second quarter worth approximately $151,000. Institutional investors and hedge funds own 37.52% of the company's stock.

Insider Buying and Selling at LINKBANCORP

In other news, Director Mona D. Albertine sold 10,000 shares of LINKBANCORP stock in a transaction on Monday, August 26th. The stock was sold at an average price of $6.51, for a total value of $65,100.00. Following the transaction, the director now owns 45,294 shares in the company, valued at approximately $294,863.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mona D. Albertine sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.51, for a total value of $65,100.00. Following the sale, the director now directly owns 45,294 shares in the company, valued at approximately $294,863.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $6.21, for a total transaction of $29,441.61. Following the sale, the director now directly owns 36,353 shares in the company, valued at $225,752.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 33,223 shares of company stock worth $206,883 and sold 16,741 shares worth $107,022. Company insiders own 35.84% of the company's stock.

LINKBANCORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.30 dividend on an annualized basis and a yield of 4.41%. LINKBANCORP's dividend payout ratio (DPR) is -428.57%.

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.