LCNB Corp. Declares Quarterly Dividend of $0.22 (NASDAQ:LCNB)

LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.22 per share by the bank on Monday, December 16th. This represents a $0.88 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Monday, December 2nd.

LCNB has increased its dividend payment by an average of 5.2% annually over the last three years. LCNB has a payout ratio of 50.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LCNB to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 50.3%.

LCNB Trading Down 0.5 %

LCNB traded down $0.09 on Wednesday, hitting $16.95. The company had a trading volume of 15,340 shares, compared to its average volume of 24,608. The company’s fifty day moving average price is $15.56 and its 200 day moving average price is $14.78. LCNB has a 1 year low of $12.42 and a 1 year high of $17.27. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The firm has a market cap of $239.16 million, a P/E ratio of 33.41 and a beta of 0.75.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $32.81 million for the quarter, compared to analyst estimates of $21.30 million. LCNB had a net margin of 5.88% and a return on equity of 6.39%. As a group, equities analysts expect that LCNB will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

LCNB Company Profile

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.