LCNB (NASDAQ:LCNB) Issues Earnings Results

LCNB (NASDAQ:LCNB - Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.04, Zacks reports. LCNB had a return on equity of 8.33% and a net margin of 16.62%. The company had revenue of $22.79 million during the quarter, compared to analysts' expectations of $16.80 million.

LCNB Stock Performance

LCNB stock traded down $0.11 during midday trading on Friday, hitting $15.52. The company's stock had a trading volume of 9,162 shares, compared to its average volume of 27,469. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91. LCNB has a 1-year low of $13.24 and a 1-year high of $17.92. The company has a 50-day moving average price of $14.80 and a two-hundred day moving average price of $14.82. The company has a market cap of $219.92 million, a price-to-earnings ratio of 10.42 and a beta of 0.60.

LCNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 5.67%. LCNB's payout ratio is currently 59.06%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On LCNB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new position in shares of LCNB during the 1st quarter worth $206,000. Goldman Sachs Group Inc. raised its stake in LCNB by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank's stock worth $574,000 after acquiring an additional 1,851 shares in the last quarter. Finally, Empowered Funds LLC increased its position in LCNB by 7.0% during the 1st quarter. Empowered Funds LLC now owns 52,377 shares of the bank's stock worth $775,000 after purchasing an additional 3,421 shares in the last quarter. 34.73% of the stock is owned by institutional investors and hedge funds.

LCNB Company Profile

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.