LCNB Corp. Announces Quarterly Dividend of $0.22 (NASDAQ:LCNB)

LCNB Corp. (NASDAQ:LCNB) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.22 per share by the bank on Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 5.94%.

LCNB has increased its dividend payment by an average of 4.6% annually over the last three years. LCNB has a dividend payout ratio of 50.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

LCNB stock traded down $0.35 during trading on Thursday, hitting $14.81. 23,106 shares of the company’s stock traded hands, compared to its average volume of 17,540. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $15.34 and a two-hundred day moving average price of $15.51. LCNB has a 52 week low of $12.42 and a 52 week high of $17.92. The stock has a market capitalization of $208.97 million, a price-to-earnings ratio of 15.27 and a beta of 0.78.

LCNB (NASDAQ:LCNB) last issued its earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. As a group, equities analysts anticipate that LCNB will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Hovde Group initiated coverage on shares of LCNB in a research note on Friday, December 20th. They issued a “market perform” rating and a $16.25 price target on the stock. StockNews.com raised LCNB from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

About LCNB

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.