LCNB Corporation to Issue Quarterly Dividend of $0.22 (NASDAQ:LCNB)

LCNB Corporation (NASDAQ:LCNB) declared a quarterly dividend on Monday, May 18th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.22 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Monday, June 1st.

LCNB has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. LCNB has a payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LCNB to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 48.9%.

LCNB Trading Up 2.0%

Shares of LCNB stock opened at $15.98 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. LCNB has a 12-month low of $13.75 and a 12-month high of $17.89. The firm has a market capitalization of $227.72 million, a price-to-earnings ratio of 9.93 and a beta of 0.57. The firm’s 50 day simple moving average is $16.23 and its two-hundred day simple moving average is $16.46.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). LCNB had a net margin of 18.50% and a return on equity of 8.48%. The company had revenue of $23.54 million for the quarter, compared to analyst estimates of $23.30 million. Analysts predict that LCNB will post 1.67 EPS for the current year.

Institutional Trading of LCNB

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in shares of LCNB by 6.6% in the 1st quarter. Empowered Funds LLC now owns 76,829 shares of the bank’s stock valued at $1,198,000 after acquiring an additional 4,723 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of LCNB by 13.2% in the 1st quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock valued at $2,436,000 after acquiring an additional 18,167 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of LCNB by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock valued at $8,162,000 after acquiring an additional 28,883 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of LCNB by 28.1% in the 1st quarter. Hsbc Holdings PLC now owns 44,165 shares of the bank’s stock valued at $685,000 after acquiring an additional 9,699 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of LCNB in the 1st quarter valued at $455,000. 34.73% of the stock is owned by hedge funds and other institutional investors.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.