LINKBANCORP, Inc. (NASDAQ:LNKB – Get Rating) announced a quarterly dividend on Monday, February 6th, Wall Street Journal reports. Investors of record on Tuesday, February 28th will be paid a dividend of 0.075 per share on Wednesday, March 15th. This represents a $0.30 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Monday, February 27th.

LINKBANCORP has a payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LINKBANCORP to earn $1.01 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 29.7%.

LINKBANCORP Stock Up 1.9 %

Shares of NASDAQ LNKB traded up $0.15 during midday trading on Monday, hitting $8.25. The company had a trading volume of 18,282 shares, compared to its average volume of 15,958. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.30. LINKBANCORP has a twelve month low of $7.09 and a twelve month high of $11.65. The firm has a 50-day simple moving average of $8.88.

Analyst Ratings Changes

Institutional Investors Weigh In On LINKBANCORP

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. purchased a new stake in shares of LINKBANCORP during the third quarter worth about $6,934,000. Citadel Advisors LLC purchased a new stake in LINKBANCORP in the third quarter valued at approximately $438,000. Commonwealth Equity Services LLC purchased a new stake in LINKBANCORP in the third quarter valued at approximately $187,000. Finally, UBS Group AG purchased a new stake in LINKBANCORP in the third quarter valued at approximately $41,000. 39.84% of the stock is currently owned by hedge funds and other institutional investors.

About LINKBANCORP

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LINKBANCORP, Inc operates as a bank holding company for The Gratz Bank, a full-service state chartered commercial bank in Pennsylvania. The company's deposit products include checking accounts, saving accounts, money market accounts, and certificates of deposits. The company's loan portfolio comprises small business, real estate, agricultural, home equity, consumer lending, commercial, municipal, term, lines of credit, auto, and home mortgage and construction loans.

Further Reading

• Get a free copy of the StockNews.com research report on LINKBANCORP (LNKB)
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