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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Monday, January 26th. 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) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, February 27th.

LINKBANCORP has a dividend payout ratio of 32.6% meaning 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 Price Performance

Shares of NASDAQ:LNKB traded down $0.06 on Tuesday, hitting $8.54. The company’s stock had a trading volume of 41,140 shares, compared to its average volume of 221,176. LINKBANCORP has a 1 year low of $6.09 and a 1 year high of $9.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $319.91 million, a PE ratio of 8.37 and a beta of 0.40. The company has a 50-day simple moving average of $8.16 and a 200 day simple moving average of $7.53.

LINKBANCORP (NASDAQ:LNKB) last announced its 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 20.81% and a return on equity of 10.28%. The company had revenue of $30.04 million during the quarter, compared to analysts’ expectations of $30.03 million. Sell-side analysts forecast that LINKBANCORP will post 0.84 EPS for the current fiscal year.

About LINKBANCORP

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.