LCNB (NASDAQ:LCNB) Releases Earnings Results, Beats Estimates By $0.04 EPS

LCNB (NASDAQ:LCNB) posted its quarterly earnings data 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. LCNB had a net margin of 5.97% and a return on equity of 6.55%. The company had revenue of $32.81 million for the quarter, compared to the consensus estimate of $21.30 million.

LCNB Trading Down 1.2 %

NASDAQ LCNB opened at $15.08 on Tuesday. LCNB has a 12 month low of $12.42 and a 12 month high of $17.09. 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 has a 50 day moving average of $15.08 and a 200-day moving average of $14.56. The company has a market cap of $213.28 million, a PE ratio of 16.39 and a beta of 0.75.

LCNB Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded LCNB from a “sell” rating to a “hold” rating in a report 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.