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

LCNB Corporation (NASDAQ:LCNBGet Free Report) announced a quarterly dividend on Monday, May 18th. Shareholders of record on Monday, June 1st will be given a dividend of 0.22 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Monday, June 1st.

LCNB has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. LCNB has a dividend payout ratio of 53.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.0%

NASDAQ:LCNB opened at $15.98 on Tuesday. LCNB has a one year low of $13.75 and a one year high of $17.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $227.72 million, a P/E ratio of 9.93 and a beta of 0.57. The firm has a 50-day simple moving average of $16.23 and a 200-day simple moving average of $16.46.

LCNB (NASDAQ:LCNBGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). LCNB had a net margin of 18.50% and a return on equity of 8.48%. The business had revenue of $23.54 million during the quarter, compared to the consensus estimate of $23.30 million. Equities analysts anticipate that LCNB will post 1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of LCNB in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

View Our Latest Analysis on LCNB

LCNB Company Profile

(Get Free Report)

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.

Featured Stories

Dividend History for LCNB (NASDAQ:LCNB)

Receive News & Ratings for LCNB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCNB and related companies with MarketBeat.com's FREE daily email newsletter.