LCNB (NASDAQ:LCNB) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

LCNB (NASDAQ:LCNB) issued its quarterly earnings results on Thursday. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03, Zacks reports. The business had revenue of $25.02 million for the quarter, compared to analysts’ expectations of $24.65 million. LCNB had a net margin of 19.69% and a return on equity of 8.92%.

LCNB Price Performance

LCNB opened at $18.79 on Friday. The firm has a market cap of $267.95 million, a price-to-earnings ratio of 10.73 and a beta of 0.57. LCNB has a fifty-two week low of $14.42 and a fifty-two week high of $21.32. The company’s 50-day moving average price is $19.16 and its 200 day moving average price is $17.98. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

LCNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.88 annualized dividend and a yield of 4.7%. LCNB’s dividend payout ratio is 50.87%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LCNB shares. Piper Sandler started coverage on LCNB in a research note on Thursday, October 8th. They set a “neutral” rating and a $20.00 price objective on the stock. Wall Street Zen raised LCNB from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Zacks Research lowered LCNB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of LCNB in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.00.

LCNB Company Profile

LCNB Corporation is a bank holding company headquartered in Lebanon, Ohio. Through its principal subsidiary, LCNB National Bank, the company provides community banking services to individuals, families, businesses and organizations.

LCNB National Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing and other credit products. Its services also include online and mobile banking, treasury management, wealth management, trust services and investment services.

The bank primarily serves communities in southwestern and central Ohio, with additional operations in northern Kentucky.