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

LCNB Corporation (NASDAQ:LCNB) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.22 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, September 1st.

LCNB has increased its dividend 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 dividend payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

LCNB opened at $19.53 on Friday. LCNB has a 52-week low of $14.31 and a 52-week high of $21.32. The company has a 50 day moving average of $18.77 and a two-hundred day moving average of $17.37. The company has a market cap of $278.40 million, a P/E ratio of 11.29 and a beta of 0.56. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. LCNB had a net margin of 19.69% and a return on equity of 8.92%. The firm had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.00 million. On average, analysts expect 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.