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

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 paid 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 is Monday, December 2nd.

LCNB has raised its dividend by an average of 5.2% 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 $1.75 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 Price Performance

Shares of LCNB traded up $0.16 during trading hours on Tuesday, reaching $16.99. 10,508 shares of the company traded hands, compared to its average volume of 24,634. The stock has a market capitalization of $239.73 million, a PE ratio of 32.86 and a beta of 0.75. The stock has a fifty day simple moving average of $15.53 and a 200 day simple moving average of $14.76. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.27. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

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

Wall Street Analysts Forecast Growth

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