Zacks: Analysts Anticipate LCNB Corporation (LCNB) to Post $0.31 Earnings Per Share
Brokerages expect LCNB Corporation (NASDAQ:LCNB) to announce earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for LCNB Corporation’s earnings. LCNB Corporation reported earnings per share of $0.29 in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is expected to report its next quarterly earnings results on Tuesday, July 18th.
On average, analysts expect that LCNB Corporation will report full year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.27. For the next fiscal year, analysts expect that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.32. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover LCNB Corporation.
LCNB Corporation (NASDAQ:LCNB) last issued its quarterly 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 business had revenue of $12.42 million during the quarter, compared to the consensus estimate of $12.72 million.
LCNB has been the subject of several analyst reports. Zacks Investment Research upgraded shares of LCNB Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, May 1st. ValuEngine upgraded shares of LCNB Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, FBR & Co reiterated a “hold” rating and issued a $24.00 price objective on shares of LCNB Corporation in a research note on Thursday, April 20th.
In other news, Chairman Stephen P. Wilson sold 15,333 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $19.90, for a total transaction of $305,126.70. Following the completion of the sale, the chairman now owns 65,093 shares in the company, valued at approximately $1,295,350.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Stephen P. Wilson sold 3,932 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $20.00, for a total transaction of $78,640.00. Following the sale, the chairman now owns 80,426 shares of the company’s stock, valued at approximately $1,608,520. The disclosure for this sale can be found here. Company insiders own 4.16% of the company’s stock.
Several large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of LCNB Corporation during the fourth quarter valued at about $1,201,000. State Street Corp raised its stake 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 valued at $3,012,000 after buying an additional 24,042 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of LCNB Corporation by 8.6% in the fourth quarter. Renaissance Technologies LLC now owns 89,300 shares of the bank’s stock valued at $2,076,000 after buying an additional 7,100 shares during the last quarter. Teachers Advisors LLC raised its stake 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 valued at $356,000 after buying an additional 1,076 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of LCNB Corporation by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 40,674 shares of the bank’s stock valued at $970,000 after buying an additional 2,306 shares during the last quarter. Institutional investors own 38.36% of the company’s stock.
Shares of LCNB Corporation (NASDAQ:LCNB) traded up 1.24% during midday trading on Friday, hitting $20.40. The stock had a trading volume of 4,065 shares. LCNB Corporation has a 12-month low of $15.90 and a 12-month high of $25.00. The firm has a market cap of $204.06 million, a PE ratio of 16.06 and a beta of 0.35. The firm has a 50-day moving average of $20.26 and a 200 day moving average of $21.94.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $0.16 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $0.64 annualized dividend and a yield of 3.14%. LCNB Corporation’s dividend payout ratio (DPR) is 50.39%.
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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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