LCNB Corporation Announces Quarterly Dividend of $0.16 (LCNB)
LCNB Corporation (NASDAQ:LCNB) announced a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Friday, September 1st will be given a dividend of 0.16 per share by the bank on Friday, September 15th. This represents a $0.64 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, August 30th.
LCNB Corporation (LCNB) traded down 1.03% during mid-day trading on Thursday, reaching $19.30. 6,643 shares of the company’s stock traded hands. The company has a 50-day moving average of $20.02 and a 200-day moving average of $21.38. LCNB Corporation has a 52-week low of $16.55 and a 52-week high of $25.00. The company has a market capitalization of $193.27 million, a price-to-earnings ratio of 15.08 and a beta of 0.35.
LCNB Corporation (NASDAQ:LCNB) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $12.86 million for the quarter, compared to the consensus estimate of $12.77 million. LCNB Corporation had a return on equity of 8.82% and a net margin of 23.44%. Equities research analysts expect that LCNB Corporation will post $1.27 EPS for the current year.
Several analysts recently issued reports on LCNB shares. ValuEngine raised shares of LCNB Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. FBR & Co reaffirmed a “hold” rating and set a $24.00 price objective on shares of LCNB Corporation in a report on Thursday, April 20th. Zacks Investment Research downgraded shares of LCNB Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of LCNB Corporation in a report on Wednesday, July 19th.
In other LCNB Corporation news, Chairman Stephen P. Wilson sold 3,932 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $20.00, for a total value of $78,640.00. Following the completion of the sale, the chairman now directly owns 80,426 shares of the company’s stock, valued at approximately $1,608,520. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Stephen P. Wilson sold 15,333 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $19.90, for a total transaction of $305,126.70. Following the completion of the sale, the chairman now directly owns 65,093 shares of the company’s stock, valued at $1,295,350.70. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by corporate insiders.
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LCNB Corporation Company Profile
LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.
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