LCNB Corporation (NASDAQ:LCNB) Declares Quarterly Dividend of $0.16
LCNB Corporation (NASDAQ:LCNB) announced a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Friday, September 1st will be given a dividend of 0.16 per share by the bank on Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Wednesday, August 30th.
LCNB Corporation (NASDAQ:LCNB) traded down 1.03% during midday trading on Thursday, hitting $19.30. The stock had a trading volume of 6,643 shares. The stock has a 50-day moving average price of $20.02 and a 200 day moving average price of $21.38. LCNB Corporation has a 12-month low of $16.55 and a 12-month high of $25.00. The firm has a market cap of $193.27 million, a P/E ratio of 15.08 and a beta of 0.35.
LCNB Corporation (NASDAQ:LCNB) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.01. LCNB Corporation had a return on equity of 8.82% and a net margin of 23.44%. The business had revenue of $12.86 million for the quarter, compared to analysts’ expectations of $12.77 million. On average, equities analysts anticipate that LCNB Corporation will post $1.27 earnings per share for the current fiscal year.
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LCNB has been the subject of a number of recent research reports. FBR & Co reissued a “hold” rating and set a $24.00 price objective on shares of LCNB Corporation in a research note on Thursday, April 20th. Zacks Investment Research raised shares of LCNB Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, May 1st. ValuEngine raised shares of LCNB Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Boenning Scattergood reissued a “hold” rating on shares of LCNB Corporation in a research note on Wednesday, July 19th.
In other LCNB Corporation news, Chairman Stephen P. Wilson sold 3,932 shares of LCNB Corporation stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $20.00, for a total value of $78,640.00. Following the completion of the sale, the chairman now directly owns 80,426 shares of the company’s stock, valued at approximately $1,608,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Stephen P. Wilson sold 15,333 shares of LCNB Corporation stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $19.90, for a total transaction of $305,126.70. Following the completion of the sale, the chairman now directly owns 65,093 shares of the company’s stock, valued at $1,295,350.70. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by insiders.
LCNB Corporation Company Profile
LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.
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