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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Friday, August 16th, Wall Street Journal reports. Investors of record on Friday, August 30th will be given a dividend of 0.075 per share on Monday, September 16th. This represents a $0.30 annualized dividend and a yield of 4.67%. The ex-dividend date is Friday, August 30th.

LINKBANCORP has a dividend payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LINKBANCORP to earn $0.84 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 35.7%.

LINKBANCORP Stock Down 5.3 %

NASDAQ:LNKB opened at $6.42 on Wednesday. The company has a market cap of $239.83 million, a price-to-earnings ratio of -24.69 and a beta of 0.51. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day moving average price is $6.57 and its two-hundred day moving average price is $6.62. LINKBANCORP has a 52-week low of $5.86 and a 52-week high of $8.29.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $26.34 million during the quarter, compared to the consensus estimate of $27.17 million. LINKBANCORP had a negative net margin of 0.34% and a positive return on equity of 7.06%. On average, analysts anticipate that LINKBANCORP will post 0.75 EPS for the current year.

Insider Buying and Selling

In other news, President Carl D. Lundblad bought 12,671 shares of the stock in a transaction on Wednesday, June 5th. The stock was purchased at an average price of $6.33 per share, with a total value of $80,207.43. Following the completion of the purchase, the president now owns 12,671 shares of the company’s stock, valued at $80,207.43. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director George Parmer acquired 5,124 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $6.21 per share, for a total transaction of $31,820.04. Following the completion of the acquisition, the director now owns 175,488 shares in the company, valued at $1,089,780.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Carl D. Lundblad bought 12,671 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was purchased at an average price of $6.33 per share, for a total transaction of $80,207.43. Following the purchase, the president now directly owns 12,671 shares in the company, valued at approximately $80,207.43. The disclosure for this purchase can be found here. Insiders have bought 41,131 shares of company stock valued at $262,132 in the last 90 days. 35.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stephens restated an “equal weight” rating and issued a $7.50 price objective on shares of LINKBANCORP in a report on Monday, May 13th.

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.