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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Investors of record on Friday, August 30th will be paid a dividend of 0.075 per share on Monday, September 16th. This represents a $0.30 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, August 30th.

LINKBANCORP has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

NASDAQ:LNKB traded down $0.17 during mid-day trading on Tuesday, hitting $6.32. The company’s stock had a trading volume of 17,859 shares, compared to its average volume of 61,844. The business’s fifty day moving average is $6.53 and its two-hundred day moving average is $6.64. The stock has a market cap of $236.09 million, a price-to-earnings ratio of -24.31 and a beta of 0.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01. LINKBANCORP has a 1 year low of $5.86 and a 1 year high of $8.29.

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

Analyst Ratings Changes

Separately, Stephens reiterated an “equal weight” rating and set a $7.50 target price on shares of LINKBANCORP in a research report on Monday, May 13th.

Insider Buying and Selling

In other news, President Carl D. Lundblad bought 12,671 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of $6.33 per share, for a total transaction of $80,207.43. Following the acquisition, the president now directly owns 12,671 shares of the company’s stock, valued at approximately $80,207.43. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LINKBANCORP news, President Carl D. Lundblad bought 12,671 shares of LINKBANCORP stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of $6.33 per share, for a total transaction of $80,207.43. Following the completion of the transaction, the president now directly owns 12,671 shares of the company’s stock, valued at $80,207.43. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George Parmer purchased 4,256 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $6.26 per share, for a total transaction of $26,642.56. Following the purchase, the director now owns 170,064 shares in the company, valued at $1,064,600.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 41,131 shares of company stock worth $262,132. Insiders own 35.84% of the company’s stock.

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.