LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Tuesday, February 18th, Zacks reports. Shareholders of record on Monday, March 2nd will be given a dividend of 0.18 per share by the bank on Monday, March 16th. This represents a $0.72 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, February 28th.
LCNB has increased its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend every year for the last 3 years. LCNB has a payout ratio of 47.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LCNB to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 45.6%.
LCNB stock opened at $16.80 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a fifty day moving average price of $17.46 and a two-hundred day moving average price of $17.80. LCNB has a 52-week low of $16.20 and a 52-week high of $19.94. The firm has a market capitalization of $215.29 million, a P/E ratio of 11.67 and a beta of 0.60.
LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. LCNB had a return on equity of 8.48% and a net margin of 22.16%. The firm had revenue of $24.85 million during the quarter, compared to analyst estimates of $16.56 million. On average, equities research analysts predict that LCNB will post 1.52 EPS for the current fiscal year.
LCNB has been the subject of a number of research reports. Boenning Scattergood restated a “neutral” rating on shares of LCNB in a research note on Thursday, October 31st. ValuEngine upgraded LCNB from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. BidaskClub lowered LCNB from a “buy” rating to a “hold” rating in a research note on Saturday, January 4th. Finally, Zacks Investment Research lowered LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th.
LCNB Company Profile
LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.
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