Zacks: LCNB Corporation (LCNB) Receives Consensus Recommendation of “Hold” from Analysts

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

Zacks has also assigned LCNB Corporation an industry rank of 118 out of 265 based on the ratings given to its competitors.

LCNB has been the topic of a number of research analyst reports. Boenning Scattergood reissued a “hold” rating on shares of LCNB Corporation in a research note on Wednesday, July 19th. ValuEngine lowered LCNB Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered LCNB Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th.

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In other news, Chairman Stephen P. Wilson sold 1,800 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $21.56, for a total value of $38,808.00. Following the transaction, the chairman now directly owns 60,293 shares in the company, valued at approximately $1,299,917.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Stephen P. Wilson sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $21.08, for a total value of $42,160.00. Following the completion of the transaction, the chairman now owns 63,093 shares in the company, valued at $1,330,000.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,800 shares of company stock worth $102,278. Company insiders own 4.16% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of LCNB Corporation by 23.6% in the 2nd quarter. Vanguard Group Inc. now owns 341,794 shares of the bank’s stock worth $6,836,000 after purchasing an additional 65,300 shares during the period. State Street Corp raised its holdings in shares of LCNB Corporation by 9.8% in the 2nd quarter. State Street Corp now owns 159,567 shares of the bank’s stock worth $3,194,000 after purchasing an additional 14,183 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of LCNB Corporation by 1,415.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 128,266 shares of the bank’s stock worth $2,565,000 after purchasing an additional 119,803 shares during the period. Northern Trust Corp raised its holdings in shares of LCNB Corporation by 10.5% in the 2nd quarter. Northern Trust Corp now owns 95,610 shares of the bank’s stock worth $1,913,000 after purchasing an additional 9,121 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of LCNB Corporation by 5.9% in the 1st quarter. Renaissance Technologies LLC now owns 94,529 shares of the bank’s stock worth $2,255,000 after purchasing an additional 5,229 shares during the period. Institutional investors own 37.86% of the company’s stock.

Shares of LCNB Corporation (NASDAQ:LCNB) opened at $20.05 on Friday. LCNB Corporation has a 52 week low of $17.20 and a 52 week high of $25.00. The stock has a market capitalization of $200.88, a PE ratio of 15.42 and a beta of 0.39.

LCNB Corporation (NASDAQ:LCNB) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. LCNB Corporation had a return on equity of 8.88% and a net margin of 23.84%. The firm had revenue of $12.81 million for the quarter, compared to analyst estimates of $13.05 million. research analysts anticipate that LCNB Corporation will post 1.24 EPS for the current year.

About LCNB Corporation

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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