LCNB Corporation (NASDAQ:LCNB) Plans $0.22 Quarterly Dividend

LCNB Corporation (NASDAQ:LCNB) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Monday, December 1st will be paid a dividend of 0.22 per share by the bank on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Monday, December 1st.

LCNB has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 7 years. LCNB has a payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

LCNB stock opened at $15.31 on Friday. The business has a 50 day moving average price of $15.29 and a 200 day moving average price of $15.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40. The stock has a market cap of $217.20 million, a price-to-earnings ratio of 9.17 and a beta of 0.59. LCNB has a fifty-two week low of $13.34 and a fifty-two week high of $17.92.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Wednesday, August 28th. The bank reported $0.45 earnings per share for the quarter. LCNB had a net margin of 18.63% and a return on equity of 9.15%. The company had revenue of $17.82 million for the quarter. Equities research analysts anticipate that LCNB will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of LCNB in a research note on Monday. Wall Street Zen cut LCNB from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, LCNB presently has a consensus rating of “Hold” and a consensus target price of $16.25.

LCNB Company Profile

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.