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

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, November 29th.

LINKBANCORP has a payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

NASDAQ LNKB traded down $0.06 on Thursday, reaching $7.29. The company’s stock had a trading volume of 30,128 shares, compared to its average volume of 57,877. The firm has a market cap of $272.43 million, a PE ratio of -105.00 and a beta of 0.40. 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 52 week low of $5.86 and a 52 week high of $8.29. The business has a 50-day moving average price of $6.57 and a 200 day moving average price of $6.52.

LINKBANCORP (NASDAQ:LNKB) last posted its earnings results on Monday, October 28th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate 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. Sell-side analysts expect that LINKBANCORP will post 0.7 EPS for the current year.

Insider Transactions at LINKBANCORP

In related news, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other LINKBANCORP news, Director Mona D. Albertine sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $6.51, for a total value of $65,100.00. Following the transaction, the director now owns 45,294 shares of the company’s stock, valued at approximately $294,863.94. The trade was a 18.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mona D. Albertine sold 4,741 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $6.21, for a total value of $29,441.61. Following the completion of the sale, the director now owns 36,353 shares of the company’s stock, valued at approximately $225,752.13. This trade represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,741 shares of company stock valued at $107,022. 35.84% of the stock is owned by insiders.

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.