LCNB Corp. (LCNB) Issues Earnings Results
LCNB Corp. (NASDAQ:LCNB) announced its quarterly earnings data on Tuesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. LCNB Corp. had a net margin of 21.51% and a return on equity of 8.04%.
LCNB Corp. (NASDAQ:LCNB) traded down 0.88% on Tuesday, hitting $17.96. The stock had a trading volume of 6,485 shares. The company has a 50-day moving average price of $17.97 and a 200 day moving average price of $17.21. LCNB Corp. has a 52-week low of $15.07 and a 52-week high of $19.13. The firm has a market cap of $179.20 million, a PE ratio of 15.74 and a beta of 0.08.
In other news, CFO Robert C. Haines II sold 6,723 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $17.29, for a total value of $116,240.67. Following the sale, the chief financial officer now directly owns 9,026 shares in the company, valued at $156,059.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Eric J. Meilstrup sold 9,825 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $17.55, for a total value of $172,428.75. Following the completion of the transaction, the executive vice president now directly owns 11,653 shares in the company, valued at approximately $204,510.15. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.
LCNB has been the subject of several recent analyst reports. FBR & Co cut LCNB Corp. from an “outperform” rating to a “market perform” rating and set a $19.00 price target for the company. in a research note on Tuesday, October 11th. Zacks Investment Research cut LCNB Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 21st.
LCNB Corp. Company Profile
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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