LCNB Corporation to Issue Quarterly Dividend of $0.16 (LCNB)

LCNB Corporation (NASDAQ:LCNB) declared a quarterly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.16 per share by the bank on Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, November 30th.

LCNB Corporation (NASDAQ:LCNB) traded down $0.10 on Tuesday, hitting $19.95. The stock had a trading volume of 2,100 shares, compared to its average volume of 14,029. The stock has a market cap of $200.88, a PE ratio of 15.42 and a beta of 0.39. LCNB Corporation has a 52 week low of $17.20 and a 52 week high of $25.00.

LCNB Corporation (NASDAQ:LCNB) last released its earnings results on Wednesday, October 18th. The bank reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The company had revenue of $12.81 million during the quarter, compared to analysts’ expectations of $13.05 million. LCNB Corporation had a return on equity of 8.88% and a net margin of 23.84%. equities analysts expect that LCNB Corporation will post 1.24 EPS for the current fiscal year.

In other LCNB Corporation news, Chairman Stephen P. Wilson sold 1,800 shares of LCNB Corporation stock in a transaction on Friday, October 27th. The stock was sold at an average price of $21.56, for a total transaction of $38,808.00. Following the completion of the transaction, the chairman now owns 60,293 shares in the company, valued at $1,299,917.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Stephen P. Wilson sold 2,000 shares of LCNB Corporation stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $21.08, for a total value of $42,160.00. Following the transaction, the chairman now owns 63,093 shares of the company’s stock, valued at approximately $1,330,000.44. The disclosure for this sale can be found here. Insiders have sold 4,800 shares of company stock valued at $102,278 in the last quarter. 4.16% of the stock is owned by company insiders.

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LCNB has been the subject of a number of recent research reports. ValuEngine upgraded LCNB Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Boenning Scattergood reiterated a “hold” rating on shares of LCNB Corporation in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut LCNB Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th.

About LCNB Corporation

LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.

Dividend History for LCNB Corporation (NASDAQ:LCNB)

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