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LINKBANCORP (NASDAQ:LNKB) Announces Earnings Results, Meets Expectations

LINKBANCORP logo with Finance background

Key Points

  • LINKBANCORP reported quarterly earnings of $0.20 per share, matching analysts' estimates.
  • The company's net margin was 19.85% and return on equity stood at 10.17%.
  • Hovde Group initiated coverage with an "outperform" rating and set a price target of $8.50 for LINKBANCORP shares.
  • Want stock alerts on LINKBANCORP? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

LINKBANCORP (NASDAQ:LNKB - Get Free Report) posted its earnings results on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20, Zacks reports. The business had revenue of $27.88 million for the quarter, compared to analyst estimates of $28.88 million. LINKBANCORP had a net margin of 20.62% and a return on equity of 10.45%.

LINKBANCORP Price Performance

LNKB stock traded down $0.01 during mid-day trading on Friday, reaching $6.87. The company's stock had a trading volume of 1,295 shares, compared to its average volume of 45,812. The stock has a market cap of $256.80 million, a PE ratio of 6.87 and a beta of 0.48. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. LINKBANCORP has a fifty-two week low of $6.00 and a fifty-two week high of $7.98. The company's 50 day moving average is $7.16 and its two-hundred day moving average is $7.06.

LINKBANCORP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.30 dividend on an annualized basis and a yield of 4.4%. LINKBANCORP's dividend payout ratio (DPR) is currently 30.00%.

About LINKBANCORP

(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.

See Also

Earnings History for LINKBANCORP (NASDAQ:LNKB)

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