LINKBANCORP (LNKB) Declares $0.08 Dividend

LINKBANCORP said on February 2, 2023 that its board of directors declared a regular quarterly dividend of $0.08 per share ($0.30 annualized). Shareholders of record as of February 27, 2023 will receive the payment on March 15, 2023. Previously, the company paid $0.08 per share.

At the current share price of $8.10 / share, the stock's dividend yield is 3.70%. Looking back five years and taking a sample every week, the average dividend yield has been 7.61%, the lowest has been 2.91%, and the highest has been 11.71%. The standard deviation of yields is 3.25 (n=63).

The current dividend yield is 1.20 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.80. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

Analyst Price Forecast Suggests 19.63% Upside

As of February 4, 2023, the average one-year price target for LINKBANCORP is $9.69. The forecasts range from a low of $8.58 to a high of $10.50. The average price target represents an increase of 19.63% from its latest reported closing price of $8.10.

The projected annual revenue for LINKBANCORP is $48MM, an increase of 38.85%. The projected annual EPS is $0.80, an increase of 61.43%.

Fund Sentiment

There are 21 funds or institutions reporting positions in LINKBANCORP. This is an increase of 13 owner(s) or 162.50%.

Average portfolio weight of all funds dedicated to US:LNKB is 0.4391%, an increase of 110.4627%. Total shares owned by institutions increased in the last three months by 606.72% to 6,437K shares.

What are large shareholders doing?

FJ Capital Management holds 1,421,000 shares representing 9.51% ownership of the company.

Banc Funds Co holds 1,004,000 shares representing 6.72% ownership of the company. In it's prior filing, the firm reported owning 79,000 shares, representing an increase of 92.13%. The firm increased its portfolio allocation in LNKB by 944.27% over the last quarter.

Alliancebernstein holds 924,574 shares representing 6.19% ownership of the company.

Strategic Value Bank Partners holds 449,000 shares representing 3.01% ownership of the company. No change in the last quarter.

EJF Capital holds 445,500 shares representing 2.98% ownership of the company.

This story originally appeared on Fintel.