LINKBANCORP, Inc. (NASDAQ:LNKB) Announces Quarterly Dividend of $0.08

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.075 per share on Monday, December 16th. This represents a $0.30 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Friday, November 29th.

LINKBANCORP has a dividend payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LINKBANCORP to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 37.5%.

LINKBANCORP Price Performance

LINKBANCORP stock opened at $7.62 on Thursday. The firm has a fifty day moving average of $6.79 and a 200-day moving average of $6.58. LINKBANCORP has a 52-week low of $5.86 and a 52-week high of $8.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $284.76 million, a P/E ratio of -108.86 and a beta of 0.40.

LINKBANCORP (NASDAQ:LNKB) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. The firm had revenue of $27.66 million during the quarter, compared to analysts’ expectations of $27.33 million. As a group, analysts predict that LINKBANCORP will post 0.7 EPS for the current year.

Insider Activity

In other news, insider Catherine Eisel bought 23,643 shares of LINKBANCORP stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $6.23 per share, with a total value of $147,295.89. Following the completion of the transaction, the insider now owns 23,643 shares in the company, valued at approximately $147,295.89. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mona D. Albertine sold 4,741 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 36,353 shares of the company’s stock, valued at $225,752.13. This trade represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 35.84% 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.