LINKBANCORP, Inc. (LNKB) to Distribute Quarterly Dividend of $0.08 on December 16th

LINKBANCORP, Inc. (NASDAQ:LNKB) announced a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.075 per share on Monday, December 16th. This represents a $0.30 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Friday, November 29th.

LINKBANCORP has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.7 %

LNKB traded up $0.13 during mid-day trading on Wednesday, reaching $7.60. 3,631 shares of the company traded hands, compared to its average volume of 56,936. The company’s fifty day moving average price is $6.76 and its 200-day moving average price is $6.57. 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 52-week low of $5.86 and a 52-week high of $8.29.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings results on Monday, October 28th. The company reported $0.19 earnings per share (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 business had revenue of $27.66 million during the quarter, compared to the consensus estimate of $27.33 million. On average, analysts predict that LINKBANCORP will post 0.7 earnings per share for the current year.

Insider Buying and Selling at LINKBANCORP

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