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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.075 per share on Monday, December 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, November 29th.

LINKBANCORP has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect LINKBANCORP to earn $0.80 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 37.5%.

LINKBANCORP Stock Performance

Shares of NASDAQ:LNKB opened at $7.47 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. LINKBANCORP has a 12 month low of $5.86 and a 12 month high of $8.29. The company’s 50-day moving average price is $6.76 and its two-hundred day moving average price is $6.57.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings results on Monday, October 28th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $27.66 million for the quarter, compared to analysts’ expectations of $27.33 million. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. On average, sell-side analysts predict that LINKBANCORP will post 0.7 EPS for the current year.

Insider Buying and Selling

In other LINKBANCORP news, Director Mona D. Albertine sold 4,741 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $6.21, for a total transaction of $29,441.61. Following the completion of the sale, the director now owns 36,353 shares in the company, valued at approximately $225,752.13. The trade was a 11.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Catherine Eisel purchased 23,643 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $6.23 per share, for a total transaction of $147,295.89. Following the purchase, the insider now owns 23,643 shares in the company, valued at $147,295.89. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.