LCNB (NASDAQ:LCNB) Announces Quarterly Earnings Results

LCNB (NASDAQ:LCNB - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06), Zacks reports. LCNB had a return on equity of 7.12% and a net margin of 10.76%. The firm had revenue of $21.52 million for the quarter, compared to analyst estimates of $15.80 million.

LCNB Stock Down 1.6 %

Shares of LCNB stock traded down $0.23 on Friday, reaching $14.18. 17,193 shares of the company were exchanged, compared to its average volume of 22,827. The company has a market capitalization of $200.89 million, a price-to-earnings ratio of 14.62 and a beta of 0.68. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. LCNB has a one year low of $12.42 and a one year high of $17.92. The company has a 50-day moving average of $14.57 and a 200 day moving average of $15.39.

LCNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.22 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 6.21%. LCNB's dividend payout ratio is 76.52%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of LCNB from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

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.