LCNB Corporation (LCNB) To Go Ex-Dividend on June 1st

LCNB Corporation (NASDAQ:LCNB) announced a quarterly dividend on Monday, May 18th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.22 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Monday, June 1st.

LCNB has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. LCNB has a 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 Trading Up 1.3%

Shares of LCNB stock opened at $16.18 on Wednesday. LCNB has a 52-week low of $13.75 and a 52-week high of $17.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day simple moving average of $16.22 and a two-hundred day simple moving average of $16.47. The company has a market capitalization of $230.57 million, a price-to-earnings ratio of 10.05 and a beta of 0.57.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). LCNB had a return on equity of 8.48% and a net margin of 18.50%.The firm had revenue of $23.54 million during the quarter, compared to the consensus estimate of $23.30 million. Research analysts anticipate that LCNB will post 1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCNB. HORAN Wealth LLC bought a new position in shares of LCNB during the 3rd quarter valued at approximately $1,128,000. Kestra Advisory Services LLC purchased a new position in LCNB in the first quarter valued at approximately $455,000. Dimensional Fund Advisors LP lifted its stake in 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 during the last quarter. Maltese Capital Management LLC bought a new position in LCNB during the fourth quarter valued at $336,000. Finally, Bailard Inc. bought a new position in LCNB during the fourth quarter valued at $312,000. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

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.