Brokerages Expect LCNB Corp. (LCNB) to Post $0.39 EPS

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

Zacks has also assigned LCNB an industry rank of 160 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently issued reports on the company. ValuEngine raised LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of LCNB in a research report on Tuesday, July 31st. Finally, Zacks Investment Research downgraded LCNB from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LCNB. Wells Fargo & Company MN lifted its stake in shares of LCNB by 19.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,831 shares of the bank’s stock valued at $488,000 after buying an additional 3,834 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of LCNB by 36.4% in the fourth quarter. Bank of New York Mellon Corp now owns 53,967 shares of the bank’s stock valued at $1,104,000 after buying an additional 14,391 shares during the period. BlackRock Inc. lifted its stake in shares of LCNB by 1.4% in the fourth quarter. BlackRock Inc. now owns 420,689 shares of the bank’s stock valued at $8,603,000 after buying an additional 5,640 shares during the period. Deutsche Bank AG lifted its stake in shares of LCNB by 60.8% in the fourth quarter. Deutsche Bank AG now owns 37,431 shares of the bank’s stock valued at $764,000 after buying an additional 14,152 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of LCNB in the first quarter valued at about $122,000. Institutional investors and hedge funds own 36.11% of the company’s stock.

Shares of NASDAQ:LCNB traded down $1.35 during midday trading on Wednesday, hitting $18.55. The company’s stock had a trading volume of 1,982 shares, compared to its average volume of 26,187. The company has a market cap of $199.72 million, a P/E ratio of 15.63 and a beta of 0.38. LCNB has a fifty-two week low of $18.05 and a fifty-two week high of $22.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.77.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Friday, July 20th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The business had revenue of $14.16 million during the quarter, compared to analyst estimates of $14.45 million. LCNB had a net margin of 19.98% and a return on equity of 8.88%. equities analysts predict that LCNB will post 1.5 EPS for the current year.

About LCNB

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its 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. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

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