Brokerages Expect LCNB Corporation (NASDAQ:LCNB) Will Post Quarterly Sales of $12.77 Million
Wall Street brokerages forecast that LCNB Corporation (NASDAQ:LCNB) will announce $12.77 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for LCNB Corporation’s earnings. The highest sales estimate is $12.88 million and the lowest is $12.67 million. LCNB Corporation reported sales of $12.88 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The firm is scheduled to report its next earnings report on Tuesday, July 18th.
On average, analysts expect that LCNB Corporation will report full year sales of $12.77 million for the current financial year, with estimates ranging from $51.24 million to $51.78 million. For the next fiscal year, analysts anticipate that the business will report sales of $54.24 million per share, with estimates ranging from $53.58 million to $54.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover LCNB Corporation.
LCNB Corporation (NASDAQ:LCNB) last announced its earnings results on Wednesday, April 19th. The bank reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. LCNB Corporation had a return on equity of 8.79% and a net margin of 23.36%. The company had revenue of $12.42 million during the quarter, compared to analyst estimates of $12.72 million.
A number of equities analysts have recently commented on LCNB shares. Zacks Investment Research cut LCNB Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 4th. FBR & Co reissued a “hold” rating and set a $24.00 price target on shares of LCNB Corporation in a report on Thursday, April 20th. Finally, ValuEngine raised LCNB Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Shares of LCNB Corporation (NASDAQ:LCNB) traded up 1.24% during mid-day trading on Friday, hitting $20.40. The stock had a trading volume of 4,065 shares. The company has a market capitalization of $204.06 million, a P/E ratio of 16.06 and a beta of 0.35. LCNB Corporation has a 1-year low of $15.90 and a 1-year high of $25.00. The stock’s 50-day moving average price is $20.26 and its 200 day moving average price is $21.94.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, May 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.14%. LCNB Corporation’s dividend payout ratio (DPR) is currently 50.39%.
In other news, Chairman Stephen P. Wilson sold 15,333 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $19.90, for a total transaction of $305,126.70. Following the completion of the transaction, the chairman now owns 65,093 shares of the company’s stock, valued at approximately $1,295,350.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Stephen P. Wilson sold 3,932 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $20.00, for a total value of $78,640.00. Following the transaction, the chairman now directly owns 80,426 shares of the company’s stock, valued at approximately $1,608,520. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of LCNB. Renaissance Technologies LLC boosted its position in LCNB Corporation by 8.6% in the fourth quarter. Renaissance Technologies LLC now owns 89,300 shares of the bank’s stock worth $2,076,000 after buying an additional 7,100 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of LCNB Corporation during the fourth quarter worth about $1,201,000. State Street Corp boosted its position in shares of LCNB Corporation by 22.8% in the fourth quarter. State Street Corp now owns 129,529 shares of the bank’s stock worth $3,012,000 after buying an additional 24,042 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of LCNB Corporation 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 during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of LCNB Corporation by 4.5% in the first quarter. Geode Capital Management LLC now owns 59,651 shares of the bank’s stock worth $1,422,000 after buying an additional 2,580 shares during the last quarter. 38.36% of the stock is owned by institutional investors.
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LCNB Corporation 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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