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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.075 per share on Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, February 28th.

LINKBANCORP has increased its dividend payment by an average of 58.7% annually over the last three years. LINKBANCORP has a payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LINKBANCORP to earn $0.82 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 36.6%.

LINKBANCORP Trading Up 1.4 %

Shares of LINKBANCORP stock opened at $7.20 on Wednesday. The stock has a fifty day moving average price of $7.47 and a 200-day moving average price of $6.93. 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 cap of $269.06 million, a PE ratio of -102.86 and a beta of 0.45. LINKBANCORP has a 1 year low of $5.86 and a 1 year high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last released its earnings results on Monday, January 27th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. Equities research analysts anticipate that LINKBANCORP will post 0.71 EPS for the current year.

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.