LCNB (NASDAQ:LCNB) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

LCNB (NASDAQ:LCNB) released its earnings results on Monday. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04, Yahoo Finance reports. LCNB had a net margin of 5.97% and a return on equity of 6.55%. The business had revenue of $32.81 million for the quarter, compared to analysts’ expectations of $21.30 million.

LCNB Stock Performance

Shares of LCNB stock opened at $15.30 on Thursday. The stock has a market cap of $216.39 million, a price-to-earnings ratio of 16.63 and a beta of 0.75. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.09. The firm’s 50 day moving average price is $15.14 and its two-hundred day moving average price is $14.57.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 5.75%. LCNB’s dividend payout ratio (DPR) is 95.65%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.