LCNB (NASDAQ:LCNB) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

LCNB (NASDAQ:LCNB) posted its quarterly earnings data on Thursday. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. LCNB had a return on equity of 8.92% and a net margin of 19.69%.

LCNB Stock Up 1.2%

Shares of NASDAQ LCNB traded up $0.23 during mid-day trading on Thursday, reaching $18.79. 16,047 shares of the company were exchanged, compared to its average volume of 30,861. The firm has a 50-day moving average of $19.19 and a 200 day moving average of $17.96. LCNB has a 1 year low of $14.42 and a 1 year high of $21.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a market cap of $267.85 million, a price-to-earnings ratio of 10.86 and a beta of 0.57.

LCNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Tuesday, September 1st. LCNB’s dividend payout ratio is 50.87%.

Analysts Set New Price Targets

LCNB has been the subject of a number of analyst reports. Piper Sandler initiated coverage on shares of LCNB in a research note on Thursday, October 8th. They issued a “neutral” rating and a $20.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of LCNB in a research note on Friday, October 2nd. Wall Street Zen raised shares of LCNB from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Finally, Zacks Research cut shares of LCNB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, LCNB presently has an average rating of “Hold” and a consensus target price of $20.00.

About LCNB

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.