LINKBANCORP, Inc. Declares 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 3.95%. The ex-dividend date is Friday, November 29th.

LINKBANCORP has a dividend payout ratio of 36.1% indicating that 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 Up 1.7 %

LINKBANCORP stock traded up $0.13 during midday trading on Wednesday, reaching $7.60. The stock had a trading volume of 3,631 shares, compared to its average volume of 56,936. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. LINKBANCORP has a 52-week low of $5.86 and a 52-week high of $8.29. The company has a fifty day moving average of $6.76 and a 200 day moving average of $6.57.

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

Insiders Place Their Bets

In other news, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP stock in a transaction that occurred 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 of the company’s stock, valued at approximately $225,752.13. The trade was a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Catherine Eisel acquired 23,643 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased 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 of the company’s stock, valued at $147,295.89. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 35.84% of the company’s stock.

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.