LCNB (LCNB) Projected to Post Quarterly Earnings on Wednesday

LCNB (NASDAQ:LCNB) is expected to be posting its quarterly 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 Up 0.8 %

LCNB stock opened at $14.95 on Tuesday. The company has a market capitalization of $210.94 million, a P/E ratio of 29.31 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.92. The stock has a 50-day simple moving average of $15.96 and a 200-day simple moving average of $15.44.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Monday, December 2nd. LCNB’s dividend payout ratio is currently 172.55%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group began coverage on shares of LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price on the stock.

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.