LCNB Corp. (NASDAQ:LCNB) to Issue $0.22 Quarterly Dividend

LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.22 per share by the bank on Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 5.68%. The ex-dividend date is Monday, March 3rd.

LCNB has increased its dividend by an average of 4.6% per year over the last three years. LCNB has a payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 3.9 %

Shares of LCNB stock opened at $15.49 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The stock has a market capitalization of $218.56 million, a PE ratio of 15.97 and a beta of 0.78. LCNB has a 52-week low of $12.42 and a 52-week high of $17.92. The company has a 50-day simple moving average of $15.13 and a two-hundred day simple moving average of $15.56.

LCNB (NASDAQ:LCNB) last issued its earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. On average, analysts anticipate that LCNB will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LCNB has been the subject of several research reports. StockNews.com raised shares of LCNB from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Hovde Group initiated coverage on shares of LCNB in a report on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective 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.