Lnb Bancorp Plans Quarterly Dividend of $0.01 (LNBB)
Lnb Bancorp (NASDAQ:LNBB) announced a quarterly dividend on Tuesday, August 26th, StockRatingsNetwork.com reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.01 per share on Wednesday, October 1st. This represents a $0.04 annualized dividend and a dividend yield of 0.28%.
On a related note, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Lnb Bancorp in a research note on Friday, August 8th. They now have a $12.00 price target on the stock, up previously from $11.50.
Shares of Lnb Bancorp (NASDAQ:LNBB) traded down 2.14% on Tuesday, hitting $14.19. 9,454 shares of the company’s stock traded hands. Lnb Bancorp has a one year low of $8.87 and a one year high of $14.50. The stock has a 50-day moving average of $12.47 and a 200-day moving average of $11.55. The company has a market cap of $137.1 million and a price-to-earnings ratio of 21.11.
Lnb Bancorp (NASDAQ:LNBB) last announced its earnings results on Tuesday, July 29th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. Analysts expect that Lnb Bancorp will post $0.80 EPS for the current fiscal year.
LNB Bancorp, Inc is a diversified banking services company. The Company engages in lending and depository services, investment and brokerage services, and other traditional banking services.
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