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

LCNB Corporation (NASDAQ:LCNB) declared a quarterly dividend on Thursday, August 20th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.22 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, September 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 payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LCNB to earn $1.83 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 48.1%.

LCNB Stock Down 1.3%

LCNB stock opened at $19.53 on Friday. LCNB has a fifty-two week low of $14.31 and a fifty-two week high of $21.32. The firm has a market capitalization of $278.40 million, a PE ratio of 11.29 and a beta of 0.56. The company’s 50-day moving average is $18.77 and its 200-day moving average is $17.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The business had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.00 million. LCNB had a return on equity of 8.92% and a net margin of 19.69%. Sell-side analysts anticipate that LCNB will post 1.73 earnings per share for the current year.

About LCNB

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.