LINKBANCORP, Inc. (LNKB) to Issue Quarterly Dividend of $0.08 on March 14th

LINKBANCORP, Inc. (NASDAQ:LNKB) announced a quarterly dividend on Thursday, January 23rd, 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 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, February 28th.

LINKBANCORP has raised its dividend by an average of 58.7% annually over the last three years. LINKBANCORP has a dividend payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Analysts expect LINKBANCORP to earn $0.94 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 31.9%.

LINKBANCORP Trading Up 0.4 %

LNKB opened at $7.50 on Wednesday. The business has a fifty day moving average price of $7.37 and a 200 day moving average price of $6.98. 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 $7.98. The stock has a market capitalization of $280.28 million, a price-to-earnings ratio of 10.71 and a beta of 0.44.

LINKBANCORP (NASDAQ:LNKB) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. Sell-side analysts expect that LINKBANCORP will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “buy” rating and set a $9.00 price target on shares of LINKBANCORP in a report on Thursday, January 30th.

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.