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 of this dividend is Friday, February 28th.

LINKBANCORP has raised its dividend payment by an average of 58.7% per year over the last three years. LINKBANCORP has a dividend 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 Stock Performance

NASDAQ:LNKB traded up $0.10 during trading hours on Tuesday, reaching $7.20. The company had a trading volume of 44,228 shares, compared to its average volume of 36,884. The firm has a market cap of $269.06 million, a price-to-earnings ratio of -102.86 and a beta of 0.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average price is $7.47 and its 200-day moving average price is $6.93. LINKBANCORP has a 52 week low of $5.86 and a 52 week high of $7.98.

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

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.