LCNB (LCNB) to Release Quarterly Earnings on Wednesday

LCNB (NASDAQ:LCNB) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

LCNB (NASDAQ:LCNB) last posted its earnings results on Monday, October 21st. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $32.81 million for the quarter, compared to the consensus estimate of $21.30 million. LCNB had a return on equity of 6.39% and a net margin of 5.88%. On average, analysts expect LCNB to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

LCNB Trading Up 1.5 %

NASDAQ:LCNB opened at $15.29 on Wednesday. The company has a market cap of $215.74 million, a P/E ratio of 29.98 and a beta of 0.79. The stock’s fifty day moving average price is $16.10 and its two-hundred day moving average price is $15.39. LCNB has a 1 year low of $12.42 and a 1 year high of $17.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.22 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 5.76%. LCNB’s dividend payout ratio is currently 172.55%.

Analyst Ratings Changes

Separately, Hovde Group assumed coverage on LCNB in a research report on Friday, December 20th. They issued 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.