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

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

Zacks has also given LCNB an industry rank of 180 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on LCNB shares. ValuEngine cut shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 16th.

Shares of LCNB stock traded up $0.16 during trading on Friday, reaching $18.16. The company’s stock had a trading volume of 18,118 shares, compared to its average volume of 37,456. The firm’s 50-day moving average price is $17.94. The firm has a market capitalization of $241.69 million, a price-to-earnings ratio of 13.06 and a beta of 0.55. LCNB has a 52 week low of $14.56 and a 52 week high of $20.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90.

LCNB (NASDAQ:LCNB) last announced its earnings results on Monday, July 22nd. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The business had revenue of $16.59 million during the quarter, compared to the consensus estimate of $16.67 million. LCNB had a net margin of 25.08% and a return on equity of 8.79%. On average, equities analysts forecast that LCNB will post 1.56 EPS for the current year.

In related news, insider John F. Smiley sold 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the completion of the sale, the insider now owns 128,212 shares of the company’s stock, valued at $2,179,604. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Huddle sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $17.10, for a total transaction of $42,750.00. Following the sale, the director now directly owns 147,400 shares of the company’s stock, valued at approximately $2,520,540. The disclosure for this sale can be found here. Insiders have sold 25,653 shares of company stock valued at $438,101 in the last ninety days. 6.45% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Castine Capital Management LLC lifted its holdings in shares of LCNB by 1.7% in the first quarter. Castine Capital Management LLC now owns 382,687 shares of the bank’s stock worth $6,563,000 after acquiring an additional 6,474 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of LCNB by 492.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock worth $33,000 after acquiring an additional 1,609 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of LCNB by 49.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 210,800 shares of the bank’s stock worth $3,615,000 after acquiring an additional 70,181 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of LCNB by 58.9% in the fourth quarter. Bank of New York Mellon Corp now owns 94,837 shares of the bank’s stock worth $1,437,000 after acquiring an additional 35,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of LCNB by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 211,796 shares of the bank’s stock worth $3,209,000 after acquiring an additional 34,270 shares during the last quarter. 33.64% of the stock is owned by hedge funds and other institutional investors.

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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