LINKBANCORP, Inc. (LNKB) To Go Ex-Dividend on February 27th

LINKBANCORP, Inc. (NASDAQ:LNKB) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Friday, February 27th will be given a dividend of 0.075 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th.

LINKBANCORP has a dividend payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 0.1%

Shares of LNKB stock opened at $8.80 on Wednesday. The stock has a 50-day simple moving average of $8.71 and a 200 day simple moving average of $7.80. The stock has a market capitalization of $329.74 million, a P/E ratio of 9.78 and a beta of 0.40. LINKBANCORP has a fifty-two week low of $6.09 and a fifty-two week high of $9.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.13). LINKBANCORP had a net margin of 17.97% and a return on equity of 8.85%. The business had revenue of $30.04 million during the quarter, compared to analyst estimates of $30.03 million. On average, sell-side analysts expect that LINKBANCORP will post 0.84 earnings per share for the current fiscal year.

LINKBANCORP Company Profile

Link Bancorp, Inc is a bank holding company headquartered in Wheeling, West Virginia, serving as the parent of Link Bank. Established to support the growth of a regional financial institution, the company offers a broad range of banking and financial services through its subsidiary, Link Bank. With an emphasis on community banking, Link Bancorp focuses on building long-term relationships with individuals, businesses and nonprofit organizations across its footprint.

The company’s core activities include commercial and consumer lending, residential mortgage financing, deposit account services and treasury management solutions.