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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Thursday, January 23rd, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.075 per share on Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Friday, February 28th.

LINKBANCORP has raised its dividend by an average of 58.7% annually over the last three years. LINKBANCORP has a payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Equities 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 LNKB opened at $7.50 on Wednesday. The company has a market cap of $280.28 million, a PE ratio of 10.71 and a beta of 0.44. The firm has a 50-day moving average of $7.37 and a 200-day moving average of $6.98. LINKBANCORP has a one year low of $5.86 and a one year high of $7.98. 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 (NASDAQ:LNKB) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. As a group, equities analysts forecast that LINKBANCORP will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and set a $9.00 target price on shares of LINKBANCORP in a report on Thursday, January 30th.

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.