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

LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 3rd will be paid 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 raised its dividend payment by an average of 4.6% annually over the last three years. LCNB has a payout ratio of 50.3% meaning 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 Price Performance

Shares of NASDAQ:LCNB opened at $14.81 on Friday. LCNB has a 12 month low of $12.42 and a 12 month high of $17.92. The stock has a market cap of $208.97 million, a P/E ratio of 15.27 and a beta of 0.78. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $15.30 and a 200 day moving average of $15.51.

LCNB (NASDAQ:LCNB) last posted its quarterly 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 net margin of 10.76% and a return on equity of 7.12%. As a group, sell-side analysts forecast that LCNB will post 1.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on LCNB. Hovde Group began coverage on shares of LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 target price on the stock. StockNews.com upgraded shares of 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.