LCNB Corp. (NASDAQ:LCNB) to Issue $0.22 Quarterly Dividend

LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.22 per share by the bank on Monday, December 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, December 2nd.

LCNB has increased its dividend by an average of 5.2% per year over the last three years. LCNB has a dividend payout ratio of 50.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 1.0 %

Shares of LCNB traded up $0.16 during mid-day trading on Tuesday, reaching $16.99. The company’s stock had a trading volume of 10,508 shares, compared to its average volume of 24,634. LCNB has a 12-month low of $12.42 and a 12-month high of $17.27. The stock has a market cap of $239.73 million, a PE ratio of 32.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The company’s 50 day moving average is $15.53 and its 200 day moving average is $14.76.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.