Equities research analysts expect LCNB Corp. (NASDAQ:LCNB) to post sales of $12.77 million for the current quarter, according to Zacks. Two analysts have issued estimates for LCNB Corp.’s earnings, with estimates ranging from $12.67 million to $12.88 million. LCNB Corp. reported sales of $12.88 million in the same quarter last year, which indicates a negative year over year growth rate of 0.9%. The business is expected to announce its next earnings results on Tuesday, July 18th.
On average, analysts expect that LCNB Corp. will report full year sales of $12.77 million for the current year, with estimates ranging from $51.24 million to $51.78 million. For the next year, analysts forecast that the business will post sales of $54.24 million per share, with estimates ranging from $53.58 million to $54.9 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for LCNB Corp..
LCNB Corp. (NASDAQ:LCNB) last released its quarterly earnings data on Wednesday, April 19th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $12.42 million during the quarter, compared to analysts’ expectations of $12.72 million. LCNB Corp. had a net margin of 22.86% and a return on equity of 8.60%.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of LCNB Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, May 1st. FBR & Co reaffirmed a “hold” rating and set a $24.00 price target on shares of LCNB Corp. in a report on Thursday, April 20th. Finally, Boenning Scattergood assumed coverage on shares of LCNB Corp. in a report on Monday, February 27th. They set a “neutral” rating for the company.
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LCNB Corp. (NASDAQ:LCNB) traded down 3.37% during midday trading on Thursday, hitting $20.05. 33,998 shares of the stock traded hands. The company has a market cap of $200.56 million, a PE ratio of 15.79 and a beta of 0.35. The company’s 50-day moving average is $22.07 and its 200-day moving average is $22.00. LCNB Corp. has a one year low of $15.69 and a one year high of $25.00.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, May 30th. LCNB Corp.’s payout ratio is 51.20%.
A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in LCNB Corp. by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 12,467 shares of the bank’s stock worth $297,000 after buying an additional 352 shares during the last quarter. American International Group Inc. raised its stake in LCNB Corp. by 7.2% in the first quarter. American International Group Inc. now owns 5,427 shares of the bank’s stock worth $129,000 after buying an additional 365 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in LCNB Corp. by 4.8% in the third quarter. Johnson Investment Counsel Inc. now owns 10,824 shares of the bank’s stock worth $197,000 after buying an additional 500 shares during the last quarter. Cutter & CO Brokerage Inc. raised its stake in LCNB Corp. by 5.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 19,134 shares of the bank’s stock worth $456,000 after buying an additional 924 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in LCNB Corp. by 16.1% in the fourth quarter. Bessemer Group Inc. now owns 7,200 shares of the bank’s stock worth $167,000 after buying an additional 1,000 shares during the last quarter. 28.76% of the stock is owned by institutional investors and hedge funds.
LCNB Corp. 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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