Zacks: LCNB Corp. (NASDAQ:LCNB) Receives Consensus Rating of “Hold” from Brokerages

LCNB Corp. (NASDAQ:LCNB) has received a consensus 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 143 out of 255 based on the ratings given to its competitors.

A number of research analysts have recently commented on LCNB shares. Zacks Investment Research downgraded LCNB from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Boenning Scattergood reaffirmed a “neutral” rating on shares of LCNB in a research note on Thursday, October 31st. Finally, ValuEngine lowered shares of LCNB from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

In related news, EVP John F. Smiley sold 4,029 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $18.56, for a total value of $74,778.24. Following the completion of the transaction, the executive vice president now owns 92,515 shares of the company’s stock, valued at approximately $1,717,078.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Smiley sold 1,416 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $18.08, for a total value of $25,601.28. Following the completion of the sale, the executive vice president now directly owns 108,983 shares in the company, valued at $1,970,412.64. The disclosure for this sale can be found here. Insiders sold a total of 16,488 shares of company stock worth $301,794 over the last ninety days. Insiders own 6.45% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Strs Ohio grew its holdings in LCNB by 7.7% in the 2nd quarter. Strs Ohio now owns 21,000 shares of the bank’s stock valued at $399,000 after buying an additional 1,500 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of LCNB in the 2nd quarter worth approximately $110,000. Cutter & CO Brokerage Inc. purchased a new position in shares of LCNB during the 2nd quarter worth approximately $394,000. Wells Fargo & Company MN grew its stake in shares of LCNB by 47.1% in the second quarter. Wells Fargo & Company MN now owns 50,513 shares of the bank’s stock valued at $959,000 after buying an additional 16,169 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of LCNB by 1,797.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 41,628 shares of the bank’s stock valued at $798,000 after buying an additional 39,434 shares during the period. Institutional investors own 35.63% of the company’s stock.

NASDAQ LCNB traded down $0.01 on Friday, hitting $18.49. The company’s stock had a trading volume of 685 shares, compared to its average volume of 12,650. The firm has a market cap of $239.66 million, a P/E ratio of 13.31 and a beta of 0.57. LCNB has a 52-week low of $14.56 and a 52-week high of $19.94. The company’s 50-day simple moving average is $18.05 and its 200 day simple moving average is $17.60. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $16.93 million during the quarter, compared to the consensus estimate of $16.74 million. LCNB had a return on equity of 8.76% and a net margin of 25.22%. On average, research analysts forecast that LCNB will post 1.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.89%. The ex-dividend date is Friday, November 29th. This is an increase from LCNB’s previous quarterly dividend of $0.17. LCNB’s dividend payout ratio is 51.80%.

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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