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

LCNB (NASDAQ:LCNB) announced its earnings results on Thursday. The bank reported $0.44 earnings per share for the quarter, topping 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 Price Performance

Shares of LCNB stock traded down $0.27 during mid-day trading on Thursday, reaching $15.10. 20,023 shares of the stock traded hands, compared to its average volume of 18,806. The stock has a market capitalization of $213.06 million, a PE ratio of 29.61 and a beta of 0.79. The business has a 50-day moving average of $15.85 and a 200 day moving average of $15.46. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.92. 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 Dividend Announcement

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

Analysts Set New Price Targets

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

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.