LCNB (NASDAQ:LCNB) Issues Earnings Results

LCNB (NASDAQ:LCNB) posted its quarterly earnings data on Wednesday. The bank reported $0.53 EPS for the quarter, FiscalAI reports. The firm had revenue of $25.14 million for the quarter. LCNB had a net margin of 18.50% and a return on equity of 8.48%.

LCNB Stock Up 1.8%

Shares of LCNB traded up $0.31 during mid-day trading on Wednesday, reaching $17.90. The company’s stock had a trading volume of 29,370 shares, compared to its average volume of 27,216. The business has a fifty day moving average of $16.95 and a 200 day moving average of $16.78. The company has a market cap of $255.00 million, a price-to-earnings ratio of 11.12 and a beta of 0.58. LCNB has a 1 year low of $14.11 and a 1 year high of $18.52. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 1st. LCNB’s payout ratio is 54.66%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new stake in LCNB during the first quarter worth about $802,000. Kestra Advisory Services LLC purchased a new position in LCNB in the 1st quarter worth about $455,000. Dimensional Fund Advisors LP lifted its holdings in shares of LCNB by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock valued at $8,162,000 after purchasing an additional 28,883 shares in the last quarter. Maltese Capital Management LLC acquired a new stake in shares of LCNB during the 4th quarter valued at $336,000. Finally, Bailard Inc. acquired a new position in LCNB in the fourth quarter worth approximately $312,000. 34.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised LCNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.