Zacks: LCNB Corp. (LCNB) Given Average Recommendation of “Hold” by Brokerages

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

Zacks has also given LCNB an industry rank of 134 out of 265 based on the ratings given to its competitors.

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LCNB has been the subject of several research analyst reports. Zacks Investment Research raised LCNB from a “sell” rating to a “hold” rating in a report on Tuesday, November 28th. ValuEngine raised LCNB from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th.

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of LCNB by 9.8% in the second quarter. State Street Corp now owns 159,567 shares of the bank’s stock worth $3,194,000 after acquiring an additional 14,183 shares during the period. Dimensional Fund Advisors LP grew its holdings in LCNB by 76.5% during the second quarter. Dimensional Fund Advisors LP now owns 38,779 shares of the bank’s stock valued at $776,000 after purchasing an additional 16,813 shares during the period. Northern Trust Corp grew its holdings in LCNB by 10.5% during the second quarter. Northern Trust Corp now owns 95,610 shares of the bank’s stock valued at $1,913,000 after purchasing an additional 9,121 shares during the period. Vanguard Group Inc. grew its holdings in LCNB by 23.6% during the second quarter. Vanguard Group Inc. now owns 341,794 shares of the bank’s stock valued at $6,836,000 after purchasing an additional 65,300 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in LCNB by 22.1% during the third quarter. Wells Fargo & Company MN now owns 19,997 shares of the bank’s stock valued at $419,000 after purchasing an additional 3,618 shares during the period. 37.05% of the stock is owned by institutional investors.

LCNB (LCNB) traded down $0.30 during trading on Tuesday, hitting $19.65. The company’s stock had a trading volume of 6,591 shares, compared to its average volume of 12,300. The company has a market cap of $199.52, a price-to-earnings ratio of 15.27 and a beta of 0.33. LCNB has a twelve month low of $18.05 and a twelve month high of $24.10.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. LCNB had a return on equity of 8.60% and a net margin of 23.62%. The company had revenue of $13.24 million during the quarter, compared to analyst estimates of $13.07 million. research analysts predict that LCNB will post 1.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Wednesday, February 28th. LCNB’s payout ratio is currently 49.61%.

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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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