LCNB Corporation (NASDAQ:LCNB) Declares Quarterly Dividend of $0.22

LCNB Corporation (NASDAQ:LCNB) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be given a dividend of 0.22 per share by the bank on Monday, March 16th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, March 2nd.

LCNB has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. LCNB has a dividend payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Research 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 1.3%

LCNB stock opened at $17.36 on Thursday. The stock’s fifty day moving average is $16.98 and its two-hundred day moving average is $15.99. The stock has a market cap of $246.34 million, a PE ratio of 10.65 and a beta of 0.58. LCNB has a 1-year low of $13.34 and a 1-year high of $17.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.92 and a quick ratio of 0.92.

LCNB (NASDAQ:LCNB) last issued its earnings results on Thursday, January 29th. The bank reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $23.86 million for the quarter, compared to analyst estimates of $17.90 million. LCNB had a return on equity of 8.76% and a net margin of 18.57%. On average, sell-side analysts expect that LCNB will post 1.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of LCNB from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

LCNB Company Profile

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.