LCNB Corporation (LCNB) To Go Ex-Dividend on September 1st

LCNB Corporation (NASDAQ:LCNB) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.22 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, September 1st.

LCNB has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 7 years. LCNB has a payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LCNB to earn $1.83 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 48.1%.

LCNB Trading Up 0.5%

Shares of NASDAQ:LCNB opened at $19.43 on Friday. The company has a market cap of $276.97 million, a P/E ratio of 11.23 and a beta of 0.56. The stock’s 50-day moving average is $19.05 and its 200-day moving average is $17.45. LCNB has a 52-week low of $14.31 and a 52-week high of $21.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The business had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. Equities research analysts predict that LCNB will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On LCNB

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of LCNB in the 2nd quarter worth approximately $16,885,000. Empowered Funds LLC bought a new stake in shares of LCNB during the second quarter valued at approximately $1,431,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of LCNB during the second quarter valued at approximately $1,085,000. Bank of New York Mellon Corp acquired a new position in shares of LCNB in the second quarter valued at $1,008,000. Finally, Hsbc Holdings PLC bought a new position in LCNB in the second quarter worth $849,000. 34.73% of the stock is owned by institutional investors and hedge funds.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.