Zacks: Analysts Expect LCNB Corporation (LCNB) Will Announce Earnings of $0.31 Per Share

Wall Street analysts predict that LCNB Corporation (NASDAQ:LCNB) will report $0.31 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for LCNB Corporation’s earnings. LCNB Corporation reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, July 18th.

On average, analysts expect that LCNB Corporation will report full year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.26 to $1.27. For the next financial year, analysts forecast that the business will report earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.32. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for LCNB Corporation.

LCNB Corporation (NASDAQ:LCNB) last released its quarterly earnings data on Wednesday, April 19th. The bank reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. LCNB Corporation had a net margin of 23.36% and a return on equity of 8.79%. The business had revenue of $12.42 million during the quarter, compared to analysts’ expectations of $12.72 million.

LCNB has been the topic of several recent analyst reports. ValuEngine upgraded shares of LCNB Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of LCNB Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, May 1st. FBR & Co restated a “hold” rating and issued a $24.00 target price on shares of LCNB Corporation in a report on Thursday, April 20th. Finally, Boenning Scattergood initiated coverage on shares of LCNB Corporation in a report on Monday, February 27th. They set a “neutral” rating on the stock.

LCNB Corporation (NASDAQ:LCNB) traded down 6.19% during mid-day trading on Tuesday, hitting $20.45. 32,332 shares of the company were exchanged. The company has a market capitalization of $204.56 million, a P/E ratio of 16.10 and a beta of 0.34. LCNB Corporation has a 12-month low of $15.69 and a 12-month high of $25.00. The company’s 50-day moving average is $20.87 and its 200 day moving average is $22.12.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.13%. LCNB Corporation’s dividend payout ratio is currently 50.39%.

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In other news, Chairman Stephen P. Wilson sold 15,333 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $19.90, for a total transaction of $305,126.70. Following the transaction, the chairman now owns 65,093 shares in the company, valued at $1,295,350.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Stephen P. Wilson sold 3,932 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $20.00, for a total transaction of $78,640.00. Following the transaction, the chairman now owns 80,426 shares in the company, valued at approximately $1,608,520. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in LCNB. American International Group Inc. raised its position in shares of LCNB Corporation by 7.2% in the first quarter. American International Group Inc. now owns 5,427 shares of the bank’s stock valued at $129,000 after buying an additional 365 shares in the last quarter. Bessemer Group Inc. raised its position in shares of LCNB Corporation by 16.1% in the fourth quarter. Bessemer Group Inc. now owns 7,200 shares of the bank’s stock valued at $167,000 after buying an additional 1,000 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of LCNB Corporation by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 12,467 shares of the bank’s stock valued at $297,000 after buying an additional 352 shares in the last quarter. Teachers Advisors LLC raised its position in shares of LCNB Corporation by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 15,326 shares of the bank’s stock valued at $356,000 after buying an additional 1,076 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. raised its position in shares of LCNB Corporation by 5.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 19,134 shares of the bank’s stock valued at $456,000 after buying an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 38.36% of the company’s stock.

About LCNB Corporation

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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