LINKBANCORP, Inc. (LNKB) to Issue Quarterly Dividend of $0.08 on March 16th

LINKBANCORP, Inc. (NASDAQ:LNKB) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Friday, February 27th will be paid a dividend of 0.075 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, February 27th.

LINKBANCORP has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.1%

Shares of LNKB opened at $8.80 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $329.74 million, a P/E ratio of 9.78 and a beta of 0.40. The firm has a fifty day moving average price of $8.71 and a 200-day moving average price of $7.80. LINKBANCORP has a 12-month low of $6.09 and a 12-month high of $9.59.

LINKBANCORP (NASDAQ:LNKB) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.13). LINKBANCORP had a net margin of 17.97% and a return on equity of 8.85%. The firm had revenue of $30.04 million for the quarter, compared to analysts’ expectations of $30.03 million. Equities research analysts expect that LINKBANCORP will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zacks Research lowered LINKBANCORP from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Hovde Group lowered LINKBANCORP from an “outperform” rating to a “market perform” rating and set a $9.25 target price on the stock. in a report on Friday, December 19th. DA Davidson downgraded LINKBANCORP from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Weiss Ratings upgraded LINKBANCORP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, LINKBANCORP currently has an average rating of “Hold” and a consensus target price of $9.63.

LINKBANCORP Company Profile

Link Bancorp, Inc is a bank holding company headquartered in Wheeling, West Virginia, serving as the parent of Link Bank. Established to support the growth of a regional financial institution, the company offers a broad range of banking and financial services through its subsidiary, Link Bank. With an emphasis on community banking, Link Bancorp focuses on building long-term relationships with individuals, businesses and nonprofit organizations across its footprint.

The company’s core activities include commercial and consumer lending, residential mortgage financing, deposit account services and treasury management solutions.