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

LCNB Corp. (NASDAQ:LCNB) announced 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 dividend on an annualized basis and a dividend yield of 5.94%.

LCNB has raised its dividend payment by an average of 4.6% per year over the last three years. LCNB has a dividend 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 Stock Down 2.3 %

Shares of LCNB stock traded down $0.35 during midday trading on Thursday, hitting $14.81. The company’s stock had a trading volume of 23,106 shares, compared to its average volume of 17,540. The stock has a 50-day simple moving average of $15.34 and a 200-day simple moving average of $15.51. 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 firm has a market capitalization of $208.97 million, a P/E ratio of 15.27 and a beta of 0.78. LCNB has a 1-year low of $12.42 and a 1-year high of $17.92.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. As a group, sell-side analysts expect that LCNB will post 1.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LCNB. Hovde Group began coverage on LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price on the stock. StockNews.com raised shares of LCNB from a “hold” rating to a “buy” rating in a report 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.