Q4 2017 Earnings Estimate for LCNB Corporation Issued By Boenning Scattergood (LCNB)

LCNB Corporation (NASDAQ:LCNB) – Stock analysts at Boenning Scattergood raised their Q4 2017 EPS estimates for shares of LCNB Corporation in a report issued on Wednesday. Boenning Scattergood analyst S. Beury now forecasts that the bank will earn $0.33 per share for the quarter, up from their previous estimate of $0.31. Boenning Scattergood currently has a “Hold” rating on the stock.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of LCNB Corporation from a “hold” rating to a “buy” rating in a research note 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 for the company in a research note on Monday, May 1st. Finally, FBR & Co restated a “hold” rating and set a $24.00 target price on shares of LCNB Corporation in a research note on Thursday, April 20th.

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Shares of LCNB Corporation (NASDAQ LCNB) opened at 20.15 on Friday. LCNB Corporation has a 1-year low of $16.55 and a 1-year high of $25.00. The company has a 50 day moving average of $20.21 and a 200 day moving average of $21.59. The firm has a market cap of $201.56 million, a price-to-earnings ratio of 15.87 and a beta of 0.35.

LCNB Corporation (NASDAQ:LCNB) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.01. LCNB Corporation had a net margin of 23.44% and a return on equity of 8.82%. The business had revenue of $12.86 million during the quarter, compared to analyst estimates of $12.77 million.

In related news, Chairman Stephen P. Wilson sold 3,932 shares of the firm’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 directly owns 80,426 shares of the company’s stock, valued at $1,608,520. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Stephen P. Wilson sold 15,333 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $19.90, for a total transaction of $305,126.70. Following the transaction, the chairman now directly owns 65,093 shares in the company, valued at $1,295,350.70. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its position in LCNB Corporation by 7.2% in the first quarter. American International Group Inc. now owns 5,427 shares of the bank’s stock worth $129,000 after buying an additional 365 shares in the last quarter. Ameriprise Financial Inc. raised its position in LCNB Corporation by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 12,467 shares of the bank’s stock worth $297,000 after buying an additional 352 shares in the last quarter. Teachers Advisors LLC raised its position in LCNB Corporation by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 15,326 shares of the bank’s stock worth $356,000 after buying an additional 1,076 shares in the last quarter. Cutter & CO Brokerage Inc. raised its position in LCNB Corporation by 5.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 19,134 shares of the bank’s stock worth $456,000 after buying an additional 924 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in LCNB Corporation by 20.6% in the first quarter. Martingale Asset Management L P now owns 21,091 shares of the bank’s stock worth $504,000 after buying an additional 3,602 shares in the last quarter. 38.36% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for LCNB Corporation (NASDAQ:LCNB)

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