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

LINKBANCORP, Inc. (NASDAQ:LNKB - Get Free Report) announced a quarterly dividend on Monday, April 28th, RTT News reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.075 per share on Monday, June 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, May 30th.

LINKBANCORP has increased its dividend by an average of 58.7% per year over the last three years. LINKBANCORP has a dividend payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

LINKBANCORP stock traded up $0.13 during mid-day trading on Friday, reaching $6.92. The company had a trading volume of 6,713 shares, compared to its average volume of 61,557. The business has a fifty day simple moving average of $6.82 and a 200 day simple moving average of $7.13. The company has a market cap of $258.65 million, a P/E ratio of 9.89 and a beta of 0.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. LINKBANCORP has a fifty-two week low of $5.86 and a fifty-two week high of $7.98.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The business had revenue of $39.09 million during the quarter, compared to analysts' expectations of $28.56 million. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. On average, equities research analysts predict that LINKBANCORP will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LNKB has been the subject of a number of analyst reports. DA Davidson reissued a "buy" rating and set a $9.00 target price on shares of LINKBANCORP in a research note on Thursday, January 30th. Hovde Group began coverage on shares of LINKBANCORP in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $8.50 price objective for the company.

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.