LCNB Corp. (LCNB) Posts Earnings Results, Misses Expectations By $0.03 EPS
LCNB Corp. (NASDAQ:LCNB) posted its earnings results on Tuesday. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. LCNB Corp. had a return on equity of 8.04% and a net margin of 21.51%.
LCNB Corp. (NASDAQ:LCNB) traded down 0.88% during midday trading on Tuesday, reaching $17.96. 6,485 shares of the company’s stock traded hands. The firm’s 50-day moving average is $17.97 and its 200 day moving average is $17.21. LCNB Corp. has a 52-week low of $15.07 and a 52-week high of $19.13. The firm has a market cap of $179.20 million, a PE ratio of 15.74 and a beta of 0.08.
In other LCNB Corp. news, insider Leroy F. Mckay sold 7,282 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $17.14, for a total value of $124,813.48. Following the transaction, the insider now owns 17,043 shares in the company, valued at $292,117.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Stephen P. Wilson sold 27,560 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $17.11, for a total transaction of $471,551.60. Following the completion of the transaction, the chairman now owns 92,653 shares in the company, valued at approximately $1,585,292.83. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by company insiders.
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A number of research firms recently weighed in on LCNB. FBR & Co lowered shares of LCNB Corp. from an “outperform” rating to a “market perform” rating and set a $19.00 target price on the stock. in a report on Tuesday, October 11th. Zacks Investment Research lowered shares of LCNB Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 21st.
About LCNB Corp.
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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