Brokerages Expect LCNB Corp. (LCNB) to Announce $0.37 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 96 out of 257 based on the ratings given to its competitors.

A number of research analysts recently commented on LCNB shares. Zacks Investment Research lowered shares of LCNB from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. ValuEngine lowered shares of LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. BidaskClub upgraded shares of LCNB from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of LCNB in a research note on Tuesday, July 31st.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in LCNB by 92.9% in the 2nd quarter. Bessemer Group Inc. now owns 8,100 shares of the bank’s stock valued at $160,000 after purchasing an additional 3,900 shares during the period. LSV Asset Management bought a new stake in shares of LCNB during the 2nd quarter worth approximately $173,000. American Century Companies Inc. bought a new stake in shares of LCNB during the 2nd quarter worth approximately $269,000. Strs Ohio lifted its holdings in shares of LCNB by 23.4% during the 2nd quarter. Strs Ohio now owns 19,500 shares of the bank’s stock worth $384,000 after acquiring an additional 3,700 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of LCNB during the 1st quarter worth approximately $547,000. 30.32% of the stock is owned by hedge funds and other institutional investors.

Shares of LCNB stock traded down $0.35 during trading on Friday, hitting $15.85. 719 shares of the stock were exchanged, compared to its average volume of 17,327. The firm has a market capitalization of $215.55 million, a PE ratio of 12.48 and a beta of 0.38. LCNB has a 1-year low of $15.75 and a 1-year high of $22.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). LCNB had a net margin of 20.37% and a return on equity of 8.09%. The company had revenue of $16.02 million during the quarter, compared to analyst estimates of $16.92 million. As a group, analysts expect that LCNB will post 1.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.17 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 4.29%. This is a positive change from LCNB’s previous quarterly dividend of $0.16. LCNB’s dividend payout ratio is 50.39%.

LCNB Company Profile

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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