LCNB (NASDAQ:LCNB) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

LCNB (NASDAQ:LCNB) announced its quarterly earnings results on Thursday. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14, Zacks reports. LCNB had a return on equity of 6.39% and a net margin of 5.88%.

LCNB Stock Performance

LCNB stock opened at $15.10 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. LCNB has a twelve month low of $12.42 and a twelve month high of $17.92. The business’s fifty day moving average is $15.85 and its 200-day moving average is $15.46. The company has a market cap of $213.06 million, a P/E ratio of 29.61 and a beta of 0.79.

LCNB Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 5.83%. LCNB’s payout ratio is 172.55%.

Analysts Set New Price Targets

Separately, Hovde Group started coverage on shares of LCNB in a report on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective on the stock.

LCNB Company Profile

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.