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

LINKBANCORP, Inc. (NASDAQ:LNKB) announced 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) dividend on an annualized basis 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% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of LINKBANCORP stock traded down $0.05 on Tuesday, hitting $8.55. The stock had a trading volume of 10,371 shares, compared to its average volume of 220,908. The stock has a market cap of $320.28 million, a price-to-earnings ratio of 8.39 and a beta of 0.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. LINKBANCORP has a 52-week low of $6.09 and a 52-week high of $9.04. The company’s 50 day moving average price is $8.16 and its 200 day moving average price is $7.53.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings results on Monday, January 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.13). The firm had revenue of $30.04 million for the quarter, compared to analyst estimates of $30.03 million. LINKBANCORP had a return on equity of 10.28% and a net margin of 20.81%. On average, research analysts anticipate that LINKBANCORP will post 0.84 EPS for the current 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.