$12.77 Million in Sales Expected for LCNB Corporation (LCNB) This Quarter
Equities research analysts forecast that LCNB Corporation (NASDAQ:LCNB) will post sales of $12.77 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for LCNB Corporation’s earnings. The highest sales estimate is $12.88 million and the lowest is $12.67 million. LCNB Corporation posted sales of $12.88 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.9%. The business is expected to announce its next quarterly earnings report on Tuesday, July 18th.
According to Zacks, analysts expect that LCNB Corporation will report full-year sales of $12.77 million for the current financial year, with estimates ranging from $51.24 million to $51.78 million. For the next year, analysts forecast that the company will post sales of $54.24 million per share, with estimates ranging from $53.58 million to $54.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover LCNB Corporation.
LCNB Corporation (NASDAQ:LCNB) last posted its quarterly earnings results on Wednesday, April 19th. The bank reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. LCNB Corporation had a return on equity of 8.79% and a net margin of 23.36%. The company had revenue of $12.42 million during the quarter, compared to analysts’ expectations of $12.72 million.
Several equities research analysts recently issued reports on LCNB shares. Zacks Investment Research lowered LCNB Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. ValuEngine raised LCNB Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, FBR & Co reissued a “hold” rating and set a $24.00 price objective on shares of LCNB Corporation in a research note on Thursday, April 20th.
LCNB Corporation (LCNB) traded up 6.70% during trading on Friday, hitting $21.50. The stock had a trading volume of 5,306 shares. LCNB Corporation has a 52 week low of $15.73 and a 52 week high of $25.00. The company has a 50-day moving average of $20.26 and a 200-day moving average of $21.94. The stock has a market capitalization of $215.06 million, a P/E ratio of 16.93 and a beta of 0.35.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.98%. LCNB Corporation’s payout ratio is 50.39%.
In other LCNB Corporation news, Chairman Stephen P. Wilson sold 3,932 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $20.00, for a total transaction of $78,640.00. Following the sale, the chairman now owns 80,426 shares in the company, valued at $1,608,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Stephen P. Wilson sold 15,333 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $19.90, for a total value of $305,126.70. Following the sale, the chairman now owns 65,093 shares in the company, valued at approximately $1,295,350.70. The disclosure for this sale can be found here. Company insiders own 4.16% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased 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 during the last quarter. American International Group Inc. increased 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 during the last quarter. Cutter & CO Brokerage Inc. increased its stake 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 during the last quarter. Teachers Advisors LLC increased its stake 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in LCNB Corporation by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 21,966 shares of the bank’s stock worth $524,000 after buying an additional 1,867 shares during the last quarter. Institutional investors and hedge funds own 38.36% of the company’s stock.
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.
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