Brokerages Anticipate LCNB Corporation (LCNB) to Post $0.32 Earnings Per Share

LCNB Corporation (NASDAQ:LCNB) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also given LCNB an industry rank of 14 out of 265 based on the ratings given to related companies.

Several analysts have recently commented on LCNB shares. Zacks Investment Research downgraded LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. ValuEngine downgraded LCNB from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Boenning Scattergood restated a “hold” rating on shares of LCNB in a research note on Thursday, October 19th.

In other news, Chairman Stephen P. Wilson sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $21.08, for a total value of $42,160.00. Following the completion of the sale, the chairman now directly owns 63,093 shares in the company, valued at approximately $1,330,000.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Stephen P. Wilson sold 1,800 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $21.56, for a total value of $38,808.00. Following the completion of the sale, the chairman now owns 60,293 shares of the company’s stock, valued at $1,299,917.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,800 shares of company stock valued at $102,278. 4.16% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of LCNB. Dimensional Fund Advisors LP lifted its position in LCNB by 66.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 64,700 shares of the bank’s stock valued at $1,355,000 after acquiring an additional 25,921 shares in the last quarter. Wells Fargo & Company MN lifted its position in LCNB by 22.1% in the 3rd quarter. Wells Fargo & Company MN now owns 19,997 shares of the bank’s stock valued at $419,000 after acquiring an additional 3,618 shares in the last quarter. John W. Rosenthal Capital Management Inc. bought a new position in LCNB in the 3rd quarter valued at about $367,000. State Street Corp lifted its position in LCNB by 9.8% in the 2nd quarter. State Street Corp now owns 159,567 shares of the bank’s stock valued at $3,194,000 after acquiring an additional 14,183 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in LCNB in the 2nd quarter valued at about $110,000. Institutional investors own 37.21% of the company’s stock.

Shares of LCNB (NASDAQ LCNB) opened at $20.25 on Thursday. LCNB has a 1-year low of $18.05 and a 1-year high of $24.35. The firm has a market capitalization of $204.89, a PE ratio of 15.58 and a beta of 0.40.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. LCNB had a return on equity of 8.88% and a net margin of 23.84%. The firm had revenue of $12.81 million during the quarter, compared to the consensus estimate of $13.05 million. equities research analysts expect that LCNB will post 1.24 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.16 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.16%. LCNB’s dividend payout ratio is presently 49.23%.

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LCNB 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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