LCNB Corp. (LCNB) Receives Average Rating of “Hold” from Brokerages

LCNB Corp. (NASDAQ:LCNB) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for 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 104 out of 255 based on the ratings given to its competitors.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of LCNB from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Boenning Scattergood reiterated a “hold” rating on shares of LCNB in a research note on Thursday, February 7th.

In related news, insider John F. Smiley sold 7,400 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $17.00, for a total transaction of $125,800.00. Following the completion of the transaction, the insider now directly owns 128,870 shares in the company, valued at approximately $2,190,790. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William G. Huddle sold 6,000 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $17.16, for a total transaction of $102,960.00. Following the transaction, the director now owns 147,400 shares of the company’s stock, valued at $2,529,384. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,129 shares of company stock valued at $275,205. Corporate insiders own 6.45% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LCNB. Ramsey Quantitative Systems raised its stake in LCNB by 149.6% during the 4th quarter. Ramsey Quantitative Systems now owns 1,665 shares of the bank’s stock valued at $25,000 after purchasing an additional 998 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of LCNB by 492.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock valued at $33,000 after buying an additional 1,609 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of LCNB by 51.9% in the 4th quarter. Bessemer Group Inc. now owns 12,300 shares of the bank’s stock valued at $186,000 after buying an additional 4,200 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of LCNB in the 4th quarter valued at $193,000. Finally, Millennium Management LLC raised its stake in shares of LCNB by 71.9% in the 4th quarter. Millennium Management LLC now owns 18,994 shares of the bank’s stock valued at $288,000 after buying an additional 7,946 shares in the last quarter. Hedge funds and other institutional investors own 31.63% of the company’s stock.

Shares of NASDAQ LCNB traded down $0.30 during trading hours on Wednesday, hitting $16.70. 14,154 shares of the stock were exchanged, compared to its average volume of 16,736. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. The company has a market cap of $222.26 million, a P/E ratio of 12.01 and a beta of 0.53. LCNB has a one year low of $14.56 and a one year high of $20.65.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $16.16 million during the quarter, compared to the consensus estimate of $16.19 million. LCNB had a net margin of 22.58% and a return on equity of 8.35%. Equities research analysts forecast that LCNB will post 1.58 EPS for the current fiscal year.

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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