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

LCNB (NASDAQ:LCNB) released its quarterly earnings data on Monday. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04, Yahoo Finance reports. LCNB had a return on equity of 6.55% and a net margin of 5.97%. The company had revenue of $32.81 million for the quarter, compared to analyst estimates of $21.30 million.

LCNB Stock Performance

NASDAQ LCNB remained flat at $15.30 during trading hours on Wednesday. The company had a trading volume of 18,499 shares, compared to its average volume of 24,836. The company has a market cap of $216.39 million, a PE ratio of 16.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.93. The business’s 50 day simple moving average is $15.11 and its two-hundred day simple moving average is $14.56. LCNB has a 1-year low of $12.42 and a 1-year high of $17.09.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors 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 presently 95.65%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded LCNB from a “sell” rating to a “hold” rating in a research note 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.