LINKBANCORP (NASDAQ:LNKB) Posts Earnings Results

LINKBANCORP (NASDAQ:LNKB) released its quarterly earnings results on Monday. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01, Zacks reports. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%.

LINKBANCORP Stock Performance

Shares of LNKB stock opened at $7.10 on Tuesday. LINKBANCORP has a one year low of $5.86 and a one year high of $7.98. The company’s 50-day simple moving average is $7.47 and its 200-day simple moving average is $6.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

LINKBANCORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, November 29th. LINKBANCORP’s payout ratio is currently -428.57%.

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.