LCNB (NASDAQ:LCNB) Releases Earnings Results, Beats Estimates By $0.04 EPS

LCNB (NASDAQ:LCNB - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.04, Zacks reports. LCNB had a net margin of 12.72% and a return on equity of 7.68%.

LCNB Stock Up 0.3%

Shares of LCNB stock traded up $0.04 during midday trading on Tuesday, reaching $15.56. 19,482 shares of the company's stock traded hands, compared to its average volume of 20,880. The company has a market cap of $220.44 million, a price-to-earnings ratio of 13.53 and a beta of 0.60. The company's 50 day simple moving average is $14.79 and its 200 day simple moving average is $14.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. LCNB has a 52 week low of $13.24 and a 52 week high of $17.92.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.22 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.66%. LCNB's dividend payout ratio is currently 76.52%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of LCNB from a "hold" rating to a "buy" rating in a report on Tuesday, July 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LCNB. NewEdge Advisors LLC acquired a new position in LCNB in the 1st quarter valued at $206,000. Goldman Sachs Group Inc. grew its stake in LCNB by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank's stock valued at $574,000 after buying an additional 1,851 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in LCNB by 7.0% in the 1st quarter. Empowered Funds LLC now owns 52,377 shares of the bank's stock valued at $775,000 after buying an additional 3,421 shares during the last quarter. 34.73% of the stock is currently owned by institutional investors and hedge funds.

About LCNB

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.

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