LCNB Corporation (LCNB) to Issue Quarterly Dividend of $0.22 on March 16th

LCNB Corporation (NASDAQ:LCNB) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.22 per share by the bank on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, March 2nd.

LCNB has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 7 years. LCNB has a payout ratio of 53.0% meaning its dividend is sufficiently covered by earnings. Research 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 LCNB traded down $0.57 during mid-day trading on Friday, reaching $16.99. The company had a trading volume of 32,457 shares, compared to its average volume of 23,556. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $241.09 million, a P/E ratio of 10.42 and a beta of 0.58. LCNB has a twelve month low of $13.34 and a twelve month high of $17.89. The company’s 50-day moving average is $16.98 and its 200-day moving average is $16.12.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). LCNB had a net margin of 18.57% and a return on equity of 8.76%. The company had revenue of $23.86 million during the quarter, compared to analyst estimates of $17.90 million. On average, equities analysts anticipate that LCNB will post 1.65 EPS for the current year.

Insider Buying and Selling at LCNB

In related news, EVP Michael Robert Miller sold 2,759 shares of LCNB stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $17.75, for a total value of $48,972.25. Following the completion of the transaction, the executive vice president directly owned 16,798 shares of the company’s stock, valued at $298,164.50. The trade was a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.02% of the company’s stock.

Hedge Funds Weigh In On LCNB

A number of institutional investors have recently modified their holdings of LCNB. NewEdge Advisors LLC bought a new stake in shares of LCNB during the first quarter valued at approximately $206,000. Goldman Sachs Group Inc. lifted its holdings in LCNB by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank’s stock worth $574,000 after buying an additional 1,851 shares in the last quarter. Empowered Funds LLC boosted its position in LCNB by 7.0% in the 1st quarter. Empowered Funds LLC now owns 52,377 shares of the bank’s stock valued at $775,000 after buying an additional 3,421 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of LCNB in the 2nd quarter valued at $154,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LCNB by 6.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,744 shares of the bank’s stock worth $795,000 after acquiring an additional 3,138 shares during the last quarter. 34.73% of the stock is owned by institutional investors.

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.