Analysts Expect LCNB Corp. (NASDAQ:LCNB) to Announce $0.37 EPS

Shares of LCNB Corp. (NASDAQ:LCNB) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given LCNB an industry rank of 143 out of 255 based on the ratings given to related companies.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded LCNB from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Boenning Scattergood reaffirmed a “neutral” rating on shares of LCNB in a report on Thursday, October 31st. Finally, ValuEngine cut shares of LCNB from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

In other news, EVP John F. Smiley sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $18.21, for a total transaction of $72,840.00. Following the completion of the sale, the executive vice president now owns 101,544 shares of the company’s stock, valued at approximately $1,849,116.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John F. Smiley sold 4,029 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $18.56, for a total transaction of $74,778.24. Following the sale, the executive vice president now owns 92,515 shares in the company, valued at approximately $1,717,078.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,488 shares of company stock worth $301,794. Corporate insiders own 6.45% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCNB. Panagora Asset Management Inc. lifted its position in shares of LCNB by 1.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 72,358 shares of the bank’s stock worth $1,375,000 after purchasing an additional 1,051 shares during the period. Rhumbline Advisers lifted its position in shares of LCNB by 9.5% during the 3rd quarter. Rhumbline Advisers now owns 16,919 shares of the bank’s stock valued at $300,000 after acquiring an additional 1,467 shares during the period. Strs Ohio lifted its position in shares of LCNB by 7.7% during the 2nd quarter. Strs Ohio now owns 21,000 shares of the bank’s stock valued at $399,000 after acquiring an additional 1,500 shares during the period. Northern Trust Corp boosted its stake in LCNB by 5.6% during the second quarter. Northern Trust Corp now owns 104,981 shares of the bank’s stock worth $1,995,000 after acquiring an additional 5,539 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in LCNB during the second quarter worth $110,000. Hedge funds and other institutional investors own 35.63% of the company’s stock.

Shares of LCNB stock traded down $0.01 during trading on Friday, hitting $18.49. 685 shares of the stock were exchanged, compared to its average volume of 12,650. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $18.05 and a 200-day moving average price of $17.60. The stock has a market capitalization of $239.66 million, a price-to-earnings ratio of 13.31 and a beta of 0.57. LCNB has a 1-year low of $14.56 and a 1-year high of $19.94.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $16.93 million during the quarter, compared to analysts’ expectations of $16.74 million. LCNB had a return on equity of 8.76% and a net margin of 25.22%. Equities research analysts forecast that LCNB will post 1.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.18 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 3.89%. This is an increase from LCNB’s previous quarterly dividend of $0.17. LCNB’s payout ratio is currently 51.80%.

LCNB Company Profile

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.

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