LCNB (NASDAQ:LCNB - Get Free Report) released its earnings results on Monday. The bank reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.04, Yahoo Finance reports. LCNB had a return on equity of 6.55% and a net margin of 5.97%. The firm had revenue of $32.81 million for the quarter, compared to analysts' expectations of $21.30 million.
LCNB Stock Up 1.5 %
Shares of LCNB stock traded up $0.22 during trading on Tuesday, hitting $15.30. 11,467 shares of the stock traded hands, compared to its average volume of 24,867. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66. The stock's fifty day simple moving average is $15.08 and its 200 day simple moving average is $14.56. The firm has a market cap of $216.39 million, a P/E ratio of 16.39 and a beta of 0.75. LCNB has a 52-week low of $12.42 and a 52-week high of $17.09.
LCNB Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.75%. LCNB's payout ratio is 95.65%.
Analyst Ratings Changes
Separately, StockNews.com upgraded LCNB from a "sell" rating to a "hold" rating in a research report on Wednesday, September 18th.
Check Out Our Latest Stock Report on LCNB
About LCNB
(
Get Free Report)
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.
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