LCNB (NASDAQ:LCNB) Releases Quarterly Earnings Results

Key Points

• LCNB reported quarterly EPS of $0.51, exceeding analysts’ consensus estimate of $0.48. The bank posted an 8.92% return on equity and a 19.69% net margin.
• Shares rose 1.2% to $18.79, while the company declared a quarterly dividend of $0.22, equivalent to an annualized $0.88 payout and a 4.7% yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $20.00 target price; recent recommendations included a new neutral rating from Piper Sandler and a Zacks downgrade to hold.

LCNB (NASDAQ:LCNB - Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03, Zacks reports. LCNB had a return on equity of 8.92% and a net margin of 19.69%.

LCNB Trading Up 1.2%

Shares of NASDAQ:LCNB traded up $0.23 during trading on Thursday, reaching $18.79. 16,047 shares of the company traded hands, compared to its average volume of 30,861. The firm has a market capitalization of $267.85 million, a price-to-earnings ratio of 10.86 and a beta of 0.57. LCNB has a 52-week low of $14.42 and a 52-week high of $21.32. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The business's fifty day moving average is $19.19 and its 200-day moving average is $17.96.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 1st. LCNB's payout ratio is 50.87%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LCNB shares. Piper Sandler initiated coverage on LCNB in a research report on Thursday, October 8th. They set a "neutral" rating and a $20.00 price target on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of LCNB in a research note on Friday, October 2nd. Zacks Research cut LCNB from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 15th. Finally, Wall Street Zen upgraded shares of LCNB from a "hold" rating to a "buy" rating in a research report on Sunday, September 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.

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