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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Shareholders 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 is Friday, November 29th.

LINKBANCORP has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 2.0 %

Shares of NASDAQ:LNKB opened at $7.62 on Thursday. The company has a market capitalization of $284.76 million, a P/E ratio of -108.86 and a beta of 0.40. The stock’s fifty day simple moving average is $6.79 and its 200-day simple moving average is $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.

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

Insiders Place Their Bets

In related news, insider Catherine Eisel acquired 23,643 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $6.23 per share, for a total transaction of $147,295.89. Following the acquisition, the insider now directly owns 23,643 shares in the company, valued at approximately $147,295.89. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mona D. Albertine sold 4,741 shares of the business’s 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 completion of the sale, the director now owns 36,353 shares of the company’s stock, valued at approximately $225,752.13. The trade was a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 35.84% of the stock is owned by corporate insiders.

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.