LCNB Corp. (LCNB) To Go Ex-Dividend on March 3rd

LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.22 per share by the bank on Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Monday, March 3rd.

LCNB has raised its dividend payment by an average of 4.6% annually over the last three years. LCNB has a payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings. Analysts expect LCNB to earn $1.80 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 48.9%.

LCNB Price Performance

Shares of NASDAQ:LCNB opened at $14.60 on Friday. The firm’s 50 day moving average price is $15.25 and its 200-day moving average price is $15.52. LCNB has a twelve month low of $12.42 and a twelve month high of $17.92. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $206.01 million, a PE ratio of 15.05 and a beta of 0.78.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. Equities research analysts expect that LCNB will post 1.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Hovde Group assumed coverage on shares of LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 target price on the stock. StockNews.com upgraded shares of LCNB from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

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.