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

LINKBANCORP, Inc. (NASDAQ:LNKB - Get Free Report) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders 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 yield of 4.21%. The ex-dividend date of this dividend is Friday, February 28th.

LINKBANCORP has increased its dividend by an average of 58.7% annually over the last three years. LINKBANCORP has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LINKBANCORP to earn $0.86 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 34.9%.

LINKBANCORP Price Performance

Shares of LNKB traded up $0.01 during trading hours on Friday, reaching $7.13. The stock had a trading volume of 20,053 shares, compared to its average volume of 36,124. The stock has a market capitalization of $266.26 million, a PE ratio of 10.16 and a beta of 0.45. LINKBANCORP has a 12 month low of $5.86 and a 12 month high of $7.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The company's 50-day moving average is $7.46 and its two-hundred day moving average is $6.93.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. Research analysts expect that LINKBANCORP will post 0.82 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a "buy" rating and issued a $9.00 price objective on shares of LINKBANCORP in a research note on Thursday.

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.