LCNB Corporation’s (LCNB) Hold Rating Reiterated at Boenning Scattergood

Boenning Scattergood reaffirmed their hold rating on shares of LCNB Corporation (NASDAQ:LCNB) in a research report sent to investors on Thursday morning.

Separately, ValuEngine raised shares of LCNB Corporation from a hold rating to a buy rating in a research note on Tuesday, September 26th.

LCNB Corporation (NASDAQ LCNB) traded down 0.23% on Thursday, hitting $21.50. The company’s stock had a trading volume of 4,413 shares. 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 $215.17 million, a price-to-earnings ratio of 16.80 and a beta of 0.39. The firm has a 50 day moving average of $20.35 and a 200 day moving average of $20.44.

LCNB Corporation (NASDAQ:LCNB) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.31 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. LCNB Corporation had a net margin of 23.84% and a return on equity of 8.95%. The firm had revenue of $12.81 million during the quarter, compared to the consensus estimate of $13.05 million. Equities research analysts forecast that LCNB Corporation will post $1.27 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of LCNB. Russell Investments Group Ltd. raised its stake in LCNB Corporation by 8.3% in the first quarter. Russell Investments Group Ltd. now owns 52,981 shares of the bank’s stock worth $1,264,000 after buying an additional 4,060 shares in the last quarter. Bank of New York Mellon Corp raised its stake in LCNB Corporation by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 40,674 shares of the bank’s stock worth $970,000 after buying an additional 2,306 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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. American International Group Inc. raised its stake 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. Finally, Wellington Management Group LLP bought a new position in LCNB Corporation in the first quarter worth approximately $2,018,000. 37.85% of the stock is owned by institutional investors.

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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