LCNB Corp. (NASDAQ:LCNB) Plans $0.22 Quarterly Dividend

LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Thursday, August 22nd, Zacks reports. Investors of record on Tuesday, September 3rd will be paid a dividend of 0.22 per share by the bank on Monday, September 16th. This represents a $0.88 annualized dividend and a yield of 5.68%. The ex-dividend date is Tuesday, September 3rd.

LCNB has increased its dividend by an average of 5.2% annually over the last three years. LCNB has a dividend payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LCNB to earn $1.20 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 73.3%.

LCNB Stock Performance

NASDAQ LCNB opened at $15.50 on Friday. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.09. The stock has a market cap of $219.22 million, a price-to-earnings ratio of 16.85 and a beta of 0.76. The business has a fifty day moving average of $14.12 and a 200-day moving average of $14.39. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.70.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. LCNB had a return on equity of 6.71% and a net margin of 5.97%. The company had revenue of $19.30 million during the quarter, compared to analysts’ expectations of $18.50 million. As a group, analysts predict that LCNB will post 1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised LCNB from a “sell” rating to a “hold” rating in a report on Friday, August 9th.

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.