LCNB (NASDAQ:LCNB) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

LCNB (NASDAQ:LCNB) issued its quarterly earnings results on Thursday. The bank reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09, FiscalAI reports. The business had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. LCNB had a return on equity of 8.98% and a net margin of 19.69%.

LCNB Price Performance

Shares of LCNB opened at $19.14 on Friday. LCNB has a fifty-two week low of $14.11 and a fifty-two week high of $20.20. 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 market capitalization of $272.75 million, a P/E ratio of 11.06 and a beta of 0.58. The business’s 50-day moving average is $17.11 and its two-hundred day moving average is $16.83.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, June 1st. LCNB’s dividend payout ratio is presently 54.66%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On LCNB

Several institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in LCNB in the first quarter valued at $206,000. Goldman Sachs Group Inc. grew its position in shares of LCNB by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank’s stock valued at $574,000 after acquiring an additional 1,851 shares during the period. Empowered Funds LLC grew its position in shares of LCNB by 7.0% during the 1st quarter. Empowered Funds LLC now owns 52,377 shares of the bank’s stock valued at $775,000 after acquiring an additional 3,421 shares during the period. Geode Capital Management LLC increased its stake in shares of LCNB by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 326,509 shares of the bank’s stock valued at $4,746,000 after purchasing an additional 16,739 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in LCNB by 39.3% in the 2nd quarter. Rhumbline Advisers now owns 16,605 shares of the bank’s stock worth $241,000 after purchasing an additional 4,685 shares during the period. 34.73% of the stock is owned by hedge funds and other institutional investors.

LCNB Company Profile

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.