LCNB (NASDAQ:LCNB) Posts Earnings Results, Beats Expectations By $0.04 EPS

LCNB (NASDAQ:LCNB) posted its quarterly earnings data on Monday. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04, Yahoo Finance reports. The company had revenue of $32.81 million for the quarter, compared to analyst estimates of $21.30 million. LCNB had a net margin of 5.97% and a return on equity of 6.55%.

LCNB Price Performance

Shares of NASDAQ:LCNB opened at $15.30 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $15.14 and a 200 day simple moving average of $14.57. The firm has a market cap of $216.39 million, a PE ratio of 16.63 and a beta of 0.75. LCNB has a 12-month low of $12.42 and a 12-month high of $17.09.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.75%. LCNB’s dividend payout ratio (DPR) is presently 95.65%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of LCNB from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th.

LCNB Company Profile

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.