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

LINKBANCORP, Inc. (NASDAQ:LNKB) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.075 per share on Monday, December 16th. This represents a $0.30 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Friday, November 29th.

LINKBANCORP has a payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.8 %

Shares of LINKBANCORP stock traded down $0.06 on Thursday, hitting $7.29. 30,128 shares of the company traded hands, compared to its average volume of 57,877. LINKBANCORP has a 12-month low of $5.86 and a 12-month high of $8.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market cap of $272.43 million, a PE ratio of -105.00 and a beta of 0.40. The company has a 50-day moving average price of $6.57 and a 200 day moving average price of $6.52.

LINKBANCORP (NASDAQ:LNKB) last issued its earnings results on Monday, October 28th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. LINKBANCORP had a return on equity of 7.86% and a net margin of 3.65%. The firm had revenue of $27.66 million for the quarter, compared to the consensus estimate of $27.33 million. Sell-side analysts predict that LINKBANCORP will post 0.7 earnings per share for the current year.

Insider Buying and Selling

In other LINKBANCORP news, insider Catherine Eisel purchased 23,643 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of $6.23 per share, for a total transaction of $147,295.89. Following the purchase, the insider now directly owns 23,643 shares in the company, valued at $147,295.89. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Catherine Eisel acquired 23,643 shares of the stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $6.23 per share, with a total value of $147,295.89. Following the acquisition, the insider now owns 23,643 shares in the company, valued at approximately $147,295.89. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mona D. Albertine sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 45,294 shares of the company’s stock, valued at approximately $294,863.94. This trade represents a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,741 shares of company stock worth $107,022. Insiders own 35.84% of the company’s stock.

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.