Zacks: LCNB Corp. (LCNB) Receives Average Recommendation of “Hold” from Brokerages

LCNB Corp. (NASDAQ:LCNB) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also assigned LCNB an industry rank of 178 out of 265 based on the ratings given to related companies.

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Several equities analysts recently commented on LCNB shares. Zacks Investment Research lowered shares of LCNB from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. ValuEngine raised shares of LCNB from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th.

Shares of LCNB (NASDAQ LCNB) opened at $19.90 on Friday. The firm has a market cap of $195.01, a price-to-earnings ratio of 15.43 and a beta of 0.33. LCNB has a 52-week low of $18.05 and a 52-week high of $24.10.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Wednesday, February 28th. LCNB’s dividend payout ratio is currently 49.61%.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of LCNB by 1.4% during the 4th quarter. BlackRock Inc. now owns 420,689 shares of the bank’s stock valued at $8,603,000 after purchasing an additional 5,640 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of LCNB by 23.6% during the 2nd 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 last quarter. State Street Corp grew its holdings in LCNB by 9.8% in the 2nd 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 last quarter. Northern Trust Corp grew its holdings in LCNB by 10.5% in the 2nd quarter. Northern Trust Corp now owns 95,610 shares of the bank’s stock worth $1,913,000 after acquiring an additional 9,121 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in LCNB by 66.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 64,700 shares of the bank’s stock worth $1,355,000 after acquiring an additional 25,921 shares during the last quarter. 37.38% of the stock is currently owned by institutional investors.

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About LCNB

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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