LINKBANCORP, Inc. Expected to Earn FY2024 Earnings of $0.77 Per Share (NASDAQ:LNKB)

LINKBANCORP, Inc. (NASDAQ:LNKB) – Research analysts at DA Davidson cut their FY2024 earnings per share estimates for LINKBANCORP in a research report issued to clients and investors on Thursday, May 2nd. DA Davidson analyst M. Navas now anticipates that the company will post earnings per share of $0.77 for the year, down from their previous forecast of $0.85. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.78 per share.

LINKBANCORP Price Performance

Shares of NASDAQ:LNKB opened at $6.30 on Monday. The firm’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $6.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $235.29 million, a P/E ratio of -24.23 and a beta of 0.62. LINKBANCORP has a 1-year low of $4.80 and a 1-year high of $8.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Leo Wealth LLC bought a new stake in shares of LINKBANCORP during the fourth quarter valued at approximately $92,000. Mendon Capital Advisors Corp bought a new stake in LINKBANCORP in the 4th quarter valued at $2,122,000. Heritage Wealth Advisors purchased a new stake in LINKBANCORP in the 4th quarter worth $39,000. Brown Advisory Inc. bought a new position in shares of LINKBANCORP during the 4th quarter valued at about $1,724,000. Finally, Wealthspire Advisors LLC purchased a new position in shares of LINKBANCORP during the fourth quarter valued at about $515,000. 37.52% of the stock is owned by hedge funds and other institutional investors.

LINKBANCORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Wednesday, February 28th. LINKBANCORP’s dividend payout ratio (DPR) is -115.38%.

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.