LCNB Corporation to Issue Quarterly Dividend of $0.22 (NASDAQ:LCNB)

LCNB Corporation (NASDAQ:LCNB) declared a quarterly dividend on Monday, May 18th. Investors of record on Monday, June 1st will be paid a dividend of 0.22 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Monday, June 1st.

LCNB has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 7 years. LCNB has a payout ratio of 53.0% indicating that 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 Trading Up 2.0%

Shares of NASDAQ:LCNB opened at $15.98 on Tuesday. LCNB has a 12-month low of $13.75 and a 12-month high of $17.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The company has a market cap of $227.72 million, a PE ratio of 9.93 and a beta of 0.57. The stock has a 50 day moving average of $16.23 and a 200 day moving average of $16.46.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). LCNB had a return on equity of 8.48% and a net margin of 18.50%.The business had revenue of $23.54 million during the quarter, compared to the consensus estimate of $23.30 million. As a group, equities research analysts expect that LCNB will post 1.67 EPS 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.