LCNB Corp. (NASDAQ:LCNB – Get Rating) declared a quarterly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Wednesday, March 1st will be paid a dividend of 0.21 per share by the bank on Wednesday, March 15th. This represents a $0.84 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Tuesday, February 28th.
LCNB has increased its dividend by an average of 5.5% per year over the last three years and has increased its dividend every year for the last 5 years.
LCNB Stock Up 1.7 %
NASDAQ LCNB opened at $17.75 on Wednesday. The stock’s 50-day moving average price is $17.89 and its 200-day moving average price is $16.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. LCNB has a 52 week low of $14.73 and a 52 week high of $20.36. The company has a market capitalization of $200.04 million, a P/E ratio of 9.81 and a beta of 0.70.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in LCNB. Vanguard Group Inc. boosted its stake in shares of LCNB by 2.0% in the first quarter. Vanguard Group Inc. now owns 549,216 shares of the bank’s stock worth $9,644,000 after buying an additional 10,925 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LCNB by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 439,261 shares of the bank’s stock valued at $6,967,000 after acquiring an additional 5,969 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of LCNB by 6.7% during the first quarter. Renaissance Technologies LLC now owns 169,116 shares of the bank’s stock valued at $2,970,000 after acquiring an additional 10,600 shares during the last quarter. Millennium Management LLC raised its holdings in shares of LCNB by 9.6% during the second quarter. Millennium Management LLC now owns 167,675 shares of the bank’s stock valued at $2,507,000 after acquiring an additional 14,643 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of LCNB by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 69,063 shares of the bank’s stock valued at $1,095,000 after acquiring an additional 1,026 shares during the last quarter. 32.93% of the stock is owned by institutional investors and hedge funds.
LCNB Company Profile
LCNB Corp. is a financial holding company, which offers commercial and personal banking services. It offers services such as checking rates, debit card resources, electronic banking, fraud and identity theft, education and awareness. The company was founded in December 1998 and is headquartered in Lebanon, OH.
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