LCNB Corp. Declares Quarterly Dividend of $0.20 (NASDAQ:LCNB)

LCNB Corp. (NASDAQ:LCNBGet Rating) announced a quarterly dividend on Tuesday, August 16th, Zacks reports. Investors of record on Thursday, September 1st will be given a dividend of 0.20 per share by the bank on Thursday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Wednesday, August 31st.

LCNB has raised its dividend by an average of 5.8% annually over the last three years and has increased its dividend every year for the last 4 years. LCNB has a payout ratio of 44.0% meaning its dividend is sufficiently covered by earnings.

LCNB Trading Down 0.3 %

Shares of LCNB stock opened at $16.20 on Thursday. LCNB has a fifty-two week low of $14.73 and a fifty-two week high of $20.69. The firm has a market cap of $183.87 million, a PE ratio of 9.47 and a beta of 0.76. The business’s fifty day moving average is $15.28 and its two-hundred day moving average is $16.80. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.12.

LCNB (NASDAQ:LCNBGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The bank reported $0.49 earnings per share for the quarter. LCNB had a return on equity of 9.28% and a net margin of 26.71%. The company had revenue of $18.70 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LCNB. Dimensional Fund Advisors LP lifted its stake in shares of LCNB by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 402,739 shares of the bank’s stock worth $7,072,000 after purchasing an additional 18,243 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of LCNB during the 1st quarter worth $276,000. Millennium Management LLC increased its holdings in shares of LCNB by 9.6% during the 2nd quarter. Millennium Management LLC now owns 167,675 shares of the bank’s stock worth $2,507,000 after buying an additional 14,643 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of LCNB during the 1st quarter worth $228,000. Finally, Vanguard Group Inc. increased its holdings in shares of LCNB by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 549,216 shares of the bank’s stock worth $9,644,000 after buying an additional 10,925 shares during the last quarter. Hedge funds and other institutional investors own 48.68% of the company’s stock.

LCNB Company Profile

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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 certificates of deposit. 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.

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Dividend History for LCNB (NASDAQ:LCNB)

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