LCNB (NASDAQ:LCNB) Issues Earnings Results, Beats Expectations By $0.03 EPS

LCNB (NASDAQ:LCNB) announced its quarterly earnings data on Thursday. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03, Zacks reports. LCNB had a net margin of 19.69% and a return on equity of 8.92%.

LCNB Trading Up 1.2%

Shares of LCNB stock traded up $0.23 on Thursday, hitting $18.79. 16,047 shares of the company traded hands, compared to its average volume of 30,904. The stock’s 50 day moving average price is $19.19 and its 200-day moving average price is $17.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. LCNB has a 52 week low of $14.42 and a 52 week high of $21.32. The company has a market cap of $267.85 million, a PE ratio of 10.86 and a beta of 0.57.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 1st. LCNB’s payout ratio is currently 50.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LCNB. Zacks Research cut LCNB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Wall Street Zen raised LCNB from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Weiss Ratings restated a “buy (b)” rating on shares of LCNB in a report on Friday, October 2nd. Finally, Piper Sandler assumed coverage on LCNB in a research report on Thursday, October 8th. They issued a “neutral” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, LCNB presently has a consensus rating of “Hold” and an average price target of $20.00.

LCNB Company Profile

LCNB Corporation is a bank holding company headquartered in Lebanon, Ohio. Through its principal subsidiary, LCNB National Bank, the company provides community banking services to individuals, families, businesses and organizations.

LCNB National Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing and other credit products. Its services also include online and mobile banking, treasury management, wealth management, trust services and investment services.

The bank primarily serves communities in southwestern and central Ohio, with additional operations in northern Kentucky.