LCNB Corporation Declares Quarterly Dividend of $0.22 (NASDAQ:LCNB)

LCNB Corporation (NASDAQ:LCNB) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.22 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 1st.

LCNB has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 7 years. LCNB has a dividend payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LCNB to earn $1.83 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 48.1%.

LCNB Stock Down 1.3%

NASDAQ:LCNB opened at $19.53 on Friday. The company has a market capitalization of $278.40 million, a price-to-earnings ratio of 11.29 and a beta of 0.56. LCNB has a one year low of $14.31 and a one year high of $21.32. The stock has a 50-day simple moving average of $18.77 and a 200 day simple moving average of $17.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The firm had revenue of $25.14 million for the quarter, compared to analysts’ expectations of $24.00 million. Sell-side analysts predict that LCNB will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On LCNB

Large investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co raised its position in shares of LCNB by 57.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock worth $27,000 after purchasing an additional 603 shares during the period. State Street Corp boosted its position in LCNB by 0.3% during the 4th quarter. State Street Corp now owns 180,882 shares of the bank’s stock valued at $2,965,000 after purchasing an additional 623 shares during the period. Souders Financial Advisors grew its stake in LCNB by 4.8% during the 4th quarter. Souders Financial Advisors now owns 17,734 shares of the bank’s stock worth $291,000 after buying an additional 813 shares during the last quarter. LPL Financial LLC increased its position in LCNB by 4.4% in the fourth quarter. LPL Financial LLC now owns 27,904 shares of the bank’s stock worth $457,000 after buying an additional 1,167 shares during the period. Finally, Geode Capital Management LLC lifted its stake in LCNB by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock valued at $5,402,000 after buying an additional 1,171 shares during the last quarter. Institutional investors own 34.73% of the company’s stock.

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.