Analysts Anticipate LCNB Corp. (LCNB) to Announce $0.39 Earnings Per Share

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 equities research analyst has rated the stock with a hold recommendation.

Zacks has also given LCNB an industry rank of 185 out of 255 based on the ratings given to its competitors.

Several brokerages have commented on LCNB. BidaskClub upgraded LCNB from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research cut LCNB from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th.

Shares of LCNB stock opened at $18.70 on Friday. LCNB has a 12 month low of $17.93 and a 12 month high of $22.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $252.70 million, a price-to-earnings ratio of 14.72 and a beta of 0.29.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Friday, July 20th. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). LCNB had a net margin of 19.98% and a return on equity of 8.04%. The company had revenue of $14.16 million for the quarter, compared to analyst estimates of $14.45 million. sell-side analysts anticipate that LCNB will post 1.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th were given a $0.16 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.42%. LCNB’s dividend payout ratio is 50.39%.

Several institutional investors and hedge funds have recently bought and sold shares of LCNB. SG Americas Securities LLC bought a new stake in shares of LCNB in the first quarter valued at approximately $122,000. Dimensional Fund Advisors LP boosted its position in shares of LCNB by 41.1% in the first quarter. Dimensional Fund Advisors LP now owns 129,016 shares of the bank’s stock valued at $2,451,000 after acquiring an additional 37,612 shares during the period. Millennium Management LLC bought a new stake in shares of LCNB in the first quarter valued at approximately $547,000. Bessemer Group Inc. lifted its position in LCNB by 92.9% in the second quarter. Bessemer Group Inc. now owns 8,100 shares of the bank’s stock worth $160,000 after purchasing an additional 3,900 shares during the period. Finally, Strs Ohio lifted its position in LCNB by 23.4% in the second quarter. Strs Ohio now owns 19,500 shares of the bank’s stock worth $384,000 after purchasing an additional 3,700 shares during the period. 28.26% of the stock is owned by institutional investors.

LCNB Company Profile

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its 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. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

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