LINKBANCORP (NASDAQ:LNKB - Get Free Report) issued its earnings results on Monday. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20, Zacks reports. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. The company had revenue of $39.09 million during the quarter, compared to the consensus estimate of $28.56 million.
LINKBANCORP Price Performance
LNKB traded up $0.07 during trading hours on Friday, hitting $6.86. The company's stock had a trading volume of 31,178 shares, compared to its average volume of 61,987. LINKBANCORP has a 12 month low of $5.86 and a 12 month high of $7.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $6.81 and its 200-day moving average price is $7.14. The stock has a market cap of $256.41 million, a price-to-earnings ratio of 9.80 and a beta of 0.51.
LINKBANCORP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th. LINKBANCORP's dividend payout ratio (DPR) is presently 31.25%.
Analyst Ratings Changes
A number of research firms have recently weighed in on LNKB. Hovde Group started coverage on LINKBANCORP in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $8.50 price objective for the company. DA Davidson reissued a "buy" rating and set a $9.00 price objective on shares of LINKBANCORP in a report on Thursday, January 30th.
Read Our Latest Stock Analysis on LNKB
LINKBANCORP Company Profile
(
Get Free Report)
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.
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