LCNB Corp. (LCNB) to Issue Quarterly Dividend of $0.18 on December 16th

LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Monday, November 18th, Zacks reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.18 per share by the bank on Monday, December 16th. This represents a $0.72 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from LCNB’s previous quarterly dividend of $0.17.

NASDAQ LCNB opened at $18.56 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $237.98 million, a PE ratio of 13.35 and a beta of 0.56. LCNB has a one year low of $14.56 and a one year high of $19.94. The firm’s fifty day moving average is $17.88 and its two-hundred day moving average is $17.55.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. LCNB had a return on equity of 8.76% and a net margin of 25.22%. The firm had revenue of $16.93 million for the quarter, compared to analysts’ expectations of $16.74 million. Research analysts predict that LCNB will post 1.45 earnings per share for the current year.

In related news, EVP John F. Smiley sold 1,416 shares of LCNB stock in a transaction on Monday, November 4th. The stock was sold at an average price of $18.08, for a total value of $25,601.28. Following the transaction, the executive vice president now owns 108,983 shares in the company, valued at $1,970,412.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Smiley sold 4,029 shares of LCNB stock in a transaction on Monday, November 25th. The shares were sold at an average price of $18.56, for a total value of $74,778.24. Following the completion of the transaction, the executive vice president now owns 92,515 shares in the company, valued at approximately $1,717,078.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,277 shares of company stock valued at $297,890. Company insiders own 6.45% of the company’s stock.

Several equities research analysts recently weighed in on LCNB shares. Boenning Scattergood reaffirmed a “neutral” rating on shares of LCNB in a report on Thursday, October 31st. Zacks Investment Research downgraded LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, ValuEngine cut LCNB from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

LCNB Company Profile

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.

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Dividend History for LCNB (NASDAQ:LCNB)

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