LCNB Corporation (NASDAQ:LCNB) – Boenning Scattergood upped their Q3 2018 EPS estimates for LCNB in a report issued on Tuesday, Zacks Investment Research reports. Boenning Scattergood analyst S. Beury now expects that the bank will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.39. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for LCNB’s Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.56 EPS and FY2019 earnings at $1.78 EPS.
LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The firm had revenue of $12.81 million during the quarter, compared to analyst estimates of $13.05 million. LCNB had a net margin of 23.84% and a return on equity of 8.88%.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of LCNB from a “sell” rating to a “hold” rating in a report on Tuesday, November 28th. ValuEngine lowered shares of LCNB from a “buy” rating to a “hold” rating in a report on Thursday, November 9th.
Shares of LCNB (NASDAQ:LCNB) opened at $21.10 on Wednesday. The stock has a market cap of $211.40, a P/E ratio of 16.23 and a beta of 0.41. LCNB has a fifty-two week low of $18.05 and a fifty-two week high of $24.35.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.16 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 3.03%. LCNB’s payout ratio is 49.23%.
In other news, Chairman Stephen P. Wilson sold 1,800 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $21.56, for a total transaction of $38,808.00. Following the completion of the transaction, the chairman now directly owns 60,293 shares in the company, valued at approximately $1,299,917.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Stephen P. Wilson sold 2,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $21.08, for a total value of $42,160.00. Following the transaction, the chairman now owns 63,093 shares of the company’s stock, valued at $1,330,000.44. The disclosure for this sale can be found here. Insiders sold a total of 4,800 shares of company stock valued at $102,278 over the last 90 days. 4.16% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in LCNB by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,286 shares of the bank’s stock valued at $825,000 after buying an additional 612 shares during the period. Teachers Advisors LLC raised its holdings in LCNB by 6.6% during the 2nd quarter. Teachers Advisors LLC now owns 16,342 shares of the bank’s stock valued at $327,000 after buying an additional 1,016 shares during the period. TIAA CREF Investment Management LLC raised its holdings in LCNB by 5.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 26,414 shares of the bank’s stock valued at $528,000 after buying an additional 1,262 shares during the period. Dimensional Fund Advisors LP raised its holdings in LCNB by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,966 shares of the bank’s stock valued at $524,000 after buying an additional 1,867 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in LCNB by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 14,736 shares of the bank’s stock valued at $295,000 after buying an additional 2,269 shares during the period. Hedge funds and other institutional investors own 37.36% of the company’s stock.
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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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