LCNB (LCNB) Expected to Announce Earnings on Wednesday

LCNB (NASDAQ:LCNB) is projected to release its earnings results before the market opens on Wednesday, January 29th. Analysts expect LCNB to post earnings of $0.30 per share for the quarter.

LCNB Stock Down 1.7 %

Shares of LCNB stock opened at $14.83 on Monday. The firm’s 50 day moving average price is $15.96 and its 200-day moving average price is $15.44. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. LCNB has a 52-week low of $12.42 and a 52-week high of $17.92. The company has a market cap of $209.25 million, a P/E ratio of 29.08 and a beta of 0.79.

LCNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.22 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.93%. LCNB’s payout ratio is 172.55%.

Analyst Ratings Changes

Separately, Hovde Group initiated coverage on LCNB in a research note on Friday, December 20th. They issued a “market perform” rating and a $16.25 price target for the company.

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.