Analysts Expect LCNB Corp. (NASDAQ:LCNB) to Post $0.39 EPS

LCNB Corp. (NASDAQ:LCNB) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also assigned LCNB an industry rank of 148 out of 256 based on the ratings given to related companies.

A number of brokerages have commented on LCNB. ValuEngine upgraded LCNB from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Zacks Investment Research lowered LCNB from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th.

In other news, insider John F. Smiley sold 5,000 shares of LCNB stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $17.12, for a total transaction of $85,600.00. Following the completion of the sale, the insider now directly owns 116,435 shares in the company, valued at approximately $1,993,367.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John F. Smiley sold 10,000 shares of LCNB stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.00, for a total value of $170,000.00. Following the sale, the insider now owns 128,212 shares of the company’s stock, valued at $2,179,604. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,653 shares of company stock valued at $438,101. 6.45% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of LCNB by 492.0% during 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 during 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 acquiring an additional 4,200 shares in the last quarter. Rhumbline Advisers bought a new position in shares of LCNB in the 4th quarter valued at approximately $193,000. FineMark National Bank & Trust bought a new position in shares of LCNB in the 1st quarter valued at approximately $205,000. 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 acquiring an additional 7,946 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

NASDAQ LCNB traded down $0.06 during trading on Friday, reaching $18.53. 11,000 shares of the company’s stock were exchanged, compared to its average volume of 27,466. LCNB has a fifty-two week low of $14.56 and a fifty-two week high of $20.65. The company has a market capitalization of $247.41 million, a price-to-earnings ratio of 13.33 and a beta of 0.55. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $17.50.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. LCNB had a return on equity of 8.26% and a net margin of 22.58%. The firm had revenue of $16.16 million during the quarter, compared to analyst estimates of $16.19 million. As a group, sell-side analysts expect that LCNB will post 1.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.68 annualized dividend and a dividend yield of 3.67%. LCNB’s dividend payout ratio is 48.92%.

About LCNB

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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