Analysts Anticipate LCNB Corp. (NASDAQ:LCNB) to Post $0.36 Earnings Per Share

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

Zacks has also given LCNB an industry rank of 157 out of 256 based on the ratings given to its competitors.

Several brokerages recently issued reports on LCNB. Zacks Investment Research downgraded LCNB from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. ValuEngine cut LCNB from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Shares of NASDAQ LCNB traded up $0.02 during trading hours on Thursday, hitting $17.20. The company had a trading volume of 2,584 shares, compared to its average volume of 16,754. LCNB has a 1-year low of $14.56 and a 1-year high of $19.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $226.18 million, a P/E ratio of 12.37 and a beta of 0.53. The firm’s 50 day moving average is $17.86 and its 200-day moving average is $17.24.

LCNB (NASDAQ:LCNB) last released its earnings results on Monday, July 22nd. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The business had revenue of $16.59 million during the quarter, compared to the consensus estimate of $16.67 million. LCNB had a net margin of 25.08% and a return on equity of 8.75%. On average, sell-side analysts predict that LCNB will post 1.44 earnings per share for the current year.

In related news, insider John F. Smiley sold 1,384 shares of LCNB stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $18.26, for a total value of $25,271.84. Following the completion of the sale, the insider now owns 110,399 shares of the company’s stock, valued at $2,015,885.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Huddle sold 2,500 shares of LCNB stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $18.25, for a total value of $45,625.00. Following the completion of the sale, the director now directly owns 147,400 shares of the company’s stock, valued at approximately $2,690,050. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,517 shares of company stock valued at $297,061. 6.45% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in LCNB. BNP Paribas Arbitrage SA lifted its position in shares of LCNB by 492.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock worth $33,000 after buying an additional 1,609 shares in the last quarter. SG Americas Securities LLC acquired a new stake in LCNB during the 2nd quarter worth about $110,000. FineMark National Bank & Trust acquired a new stake in shares of LCNB during the 1st quarter valued at about $205,000. Millennium Management LLC lifted its stake in 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. Finally, Acadian Asset Management LLC lifted its stake in LCNB by 90.6% in the 2nd quarter. Acadian Asset Management LLC now owns 20,388 shares of the bank’s stock worth $388,000 after purchasing an additional 9,692 shares in the last quarter. Institutional investors and hedge funds own 33.29% of the company’s stock.

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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