LCNB (NASDAQ:LCNB – Get Free Report) posted its earnings results on Thursday. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. The business had revenue of $25.02 million for the quarter, compared to analysts’ expectations of $24.65 million. LCNB had a net margin of 20.02% and a return on equity of 9.00%.
LCNB Price Performance
LCNB traded up $0.09 during trading on Friday, hitting $18.88. The company’s stock had a trading volume of 18,971 shares, compared to its average volume of 29,639. The firm’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $17.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. LCNB has a 12 month low of $14.57 and a 12 month high of $21.32. The stock has a market capitalization of $269.23 million, a price-to-earnings ratio of 10.79 and a beta of 0.57.
LCNB Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 1st. LCNB’s dividend payout ratio (DPR) is currently 50.87%.
Analyst Upgrades and Downgrades
LCNB has been the topic of several recent analyst reports. Zacks Research lowered LCNB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of LCNB in a research report on Friday, October 2nd. Piper Sandler started coverage on shares of LCNB in a report on Thursday, October 8th. They set a “neutral” rating and a $20.00 price target for the company. Finally, Wall Street Zen raised shares of LCNB from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.
View Our Latest Analysis on LCNB
LCNB Company Profile
LCNB Corporation is a bank holding company headquartered in Lebanon, Ohio. Through its principal subsidiary, LCNB National Bank, the company provides community banking services to individuals, families, businesses and organizations.
LCNB National Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing and other credit products. Its services also include online and mobile banking, treasury management, wealth management, trust services and investment services.
The bank primarily serves communities in southwestern and central Ohio, with additional operations in northern Kentucky.
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