Shares of LCNB Corp. (NASDAQ:LCNB) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Brokers have set a 12-month consensus price target of $24.00 for the company and are anticipating that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given LCNB Corp. an industry rank of 62 out of 265 based on the ratings given to its competitors.
LCNB has been the subject of several analyst reports. Boenning Scattergood initiated coverage on shares of LCNB Corp. in a research note on Monday, February 27th. They issued a “neutral” rating for the company. Zacks Investment Research cut shares of LCNB Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Finally, FBR & Co restated a “hold” rating and issued a $24.00 target price on shares of LCNB Corp. in a research report on Thursday.
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Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted 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 in the last quarter. Johnson Investment Counsel Inc. boosted 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 in the last quarter. Wells Fargo & Company MN boosted its stake in LCNB Corp. by 19.6% in the third quarter. Wells Fargo & Company MN now owns 17,183 shares of the bank’s stock worth $313,000 after buying an additional 2,810 shares in the last quarter. Teachers Advisors LLC boosted its stake in LCNB Corp. by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 15,326 shares of the bank’s stock worth $356,000 after buying an additional 1,076 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in LCNB Corp. during the fourth quarter worth $423,000. Institutional investors own 28.76% of the company’s stock.
LCNB Corp. (NASDAQ:LCNB) traded down 0.91% on Tuesday, reaching $21.80. 7,853 shares of the company’s stock were exchanged. The firm has a market cap of $217.85 million, a PE ratio of 17.44 and a beta of 0.35. LCNB Corp. has a 12 month low of $15.69 and a 12 month high of $25.00. The firm’s 50-day moving average is $22.25 and its 200-day moving average is $21.41.
LCNB Corp. (NASDAQ:LCNB) last issued its quarterly earnings data on Wednesday, April 19th. The bank reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. LCNB Corp. had a net margin of 22.86% and a return on equity of 8.60%. The business earned $12.42 million during the quarter, compared to analysts’ expectations of $12.72 million. On average, equities analysts forecast that LCNB Corp. will post $1.26 earnings per share for the current year.
About LCNB Corp.
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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