LCNB Corporation (LCNB) Issues Earnings Results, Meets Estimates

LCNB Corporation (NASDAQ:LCNB) issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31, Bloomberg Earnings reports. The firm had revenue of $12.81 million for the quarter, compared to the consensus estimate of $13.05 million. LCNB Corporation had a return on equity of 8.95% and a net margin of 23.84%.

Shares of LCNB Corporation (NASDAQ:LCNB) traded up 0.47% on Friday, hitting $21.50. The stock had a trading volume of 12,174 shares. The stock has a 50 day moving average of $20.52 and a 200 day moving average of $20.41. The firm has a market cap of $215.17 million, a price-to-earnings ratio of 16.80 and a beta of 0.39. LCNB Corporation has a 12-month low of $16.55 and a 12-month high of $25.00.

Several research firms have commented on LCNB. Zacks Investment Research downgraded LCNB Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Boenning Scattergood restated a “hold” rating on shares of LCNB Corporation in a report on Thursday, October 19th. Finally, ValuEngine upgraded LCNB Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th.

In related news, Chairman Stephen P. Wilson sold 2,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $21.08, for a total transaction of $42,160.00. Following the completion of the sale, the chairman now owns 63,093 shares in the company, valued at $1,330,000.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.16% of the company’s stock.

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LCNB Corporation 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.

Earnings History for LCNB Corporation (NASDAQ:LCNB)

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