LCNB (NASDAQ:LCNB) Posts Earnings Results, Beats Expectations By $0.04 EPS

LCNB (NASDAQ:LCNB) released its quarterly earnings results on Monday. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04, Yahoo Finance reports. The business had revenue of $32.81 million during the quarter, compared to analysts’ expectations of $21.30 million. LCNB had a return on equity of 6.55% and a net margin of 5.97%.

LCNB Stock Down 1.2 %

Shares of NASDAQ:LCNB opened at $15.08 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.93. LCNB has a 52 week low of $12.42 and a 52 week high of $17.09. The company has a 50 day moving average price of $15.08 and a two-hundred day moving average price of $14.56. The company has a market capitalization of $213.28 million, a PE ratio of 16.39 and a beta of 0.75.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.84%. The ex-dividend date was Tuesday, September 3rd. LCNB’s payout ratio is 95.65%.

Analyst Ratings Changes

Separately, StockNews.com raised LCNB from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th.

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.