Zacks: LCNB Corp. (LCNB) Given Average Recommendation of “Hold” by Brokerages

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

Zacks has also given LCNB an industry rank of 138 out of 255 based on the ratings given to related companies.

LCNB has been the subject of a number of recent research reports. Zacks Investment Research upgraded LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. ValuEngine upgraded LCNB from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Finally, Boenning Scattergood restated a “hold” rating on shares of LCNB in a research report on Thursday, February 7th.

In other LCNB news, Director William G. Huddle sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $17.16, for a total value of $102,960.00. Following the completion of the sale, the director now owns 147,400 shares in the company, valued at $2,529,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John F. Smiley sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $17.02, for a total value of $44,252.00. Following the transaction, the insider now directly owns 136,270 shares in the company, valued at $2,319,315.40. The disclosure for this sale can be found here. Insiders sold 16,129 shares of company stock valued at $275,205 in the last quarter. Corporate insiders own 4.14% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of LCNB by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 104,557 shares of the bank’s stock valued at $1,583,000 after buying an additional 4,029 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of LCNB by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 211,796 shares of the bank’s stock valued at $3,209,000 after buying an additional 34,270 shares during the period. Millennium Management LLC increased its stake in shares of LCNB by 71.9% during the fourth quarter. Millennium Management LLC now owns 18,994 shares of the bank’s stock valued at $288,000 after buying an additional 7,946 shares during the period. Bank of America Corp DE increased its stake in shares of LCNB by 8.9% during the fourth quarter. Bank of America Corp DE now owns 38,987 shares of the bank’s stock valued at $591,000 after buying an additional 3,176 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of LCNB by 51.9% during the fourth quarter. Bessemer Group Inc. now owns 12,300 shares of the bank’s stock valued at $186,000 after buying an additional 4,200 shares during the period. 31.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ LCNB traded up $0.01 during midday trading on Friday, hitting $17.01. 7,798 shares of the company’s stock were exchanged, compared to its average volume of 17,009. LCNB has a 12-month low of $14.56 and a 12-month high of $20.65. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $226.27 million, a price-to-earnings ratio of 12.24 and a beta of 0.54.

LCNB (NASDAQ:LCNB) last released its earnings results on Wednesday, January 30th. The bank reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $16.21 million during the quarter, compared to the consensus estimate of $16.46 million. LCNB had a return on equity of 8.37% and a net margin of 21.42%. On average, analysts predict that LCNB will post 1.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.68 annualized dividend and a yield of 4.00%. LCNB’s payout ratio is currently 48.92%.

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.

Further Reading: Leveraged Buyout (LBO)

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