LCNB (NASDAQ:LCNB) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

LCNB (NASDAQ:LCNB) released its earnings results on Thursday. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14, Zacks reports. LCNB had a return on equity of 6.39% and a net margin of 5.88%.

LCNB Trading Down 1.8 %

Shares of NASDAQ LCNB traded down $0.27 during mid-day trading on Thursday, hitting $15.10. 20,023 shares of the company traded hands, compared to its average volume of 18,806. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. LCNB has a 1 year low of $12.42 and a 1 year high of $17.92. The stock has a market capitalization of $213.06 million, a price-to-earnings ratio of 29.61 and a beta of 0.79. The business has a 50 day moving average of $15.85 and a two-hundred day moving average of $15.46.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Monday, December 2nd. LCNB’s dividend payout ratio (DPR) is presently 172.55%.

Analyst Upgrades and Downgrades

Separately, Hovde Group initiated coverage on shares of LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 target price for the company.

About LCNB

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.