LCNB Corporation (LCNB) Downgraded by ValuEngine
ValuEngine cut shares of LCNB Corporation (NASDAQ:LCNB) from a buy rating to a hold rating in a research report released on Friday morning.
A number of other research analysts have also recently commented on the stock. Boenning Scattergood reissued a hold rating on shares of LCNB Corporation in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of LCNB Corporation from a buy rating to a hold rating in a research report on Wednesday, June 21st.
Shares of LCNB Corporation (NASDAQ LCNB) traded up 2.71% during midday trading on Friday, hitting $18.95. 4,342 shares of the company’s stock were exchanged. The stock has a market cap of $189.65 million, a PE ratio of 14.80 and a beta of 0.37. The stock’s 50 day moving average is $19.40 and its 200-day moving average is $20.98. LCNB Corporation has a 1-year low of $16.55 and a 1-year high of $25.00.
LCNB Corporation (NASDAQ:LCNB) last posted its earnings results on Tuesday, July 18th. The bank reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. LCNB Corporation had a return on equity of 8.78% and a net margin of 23.44%. The firm had revenue of $12.86 million for the quarter, compared to analyst estimates of $12.77 million. Analysts predict that LCNB Corporation will post $1.27 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.38%. LCNB Corporation’s dividend payout ratio (DPR) is presently 50.00%.
Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of LCNB Corporation by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 12,467 shares of the bank’s stock worth $297,000 after buying an additional 352 shares during the last quarter. American International Group Inc. increased its stake in shares of LCNB Corporation by 7.2% in the first quarter. American International Group Inc. now owns 5,427 shares of the bank’s stock worth $129,000 after buying an additional 365 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of LCNB Corporation by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 41,286 shares of the bank’s stock worth $825,000 after buying an additional 612 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of LCNB Corporation by 5.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 19,134 shares of the bank’s stock worth $456,000 after buying an additional 924 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of LCNB Corporation by 6.6% in the second quarter. Teachers Advisors LLC now owns 16,342 shares of the bank’s stock worth $327,000 after buying an additional 1,016 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.
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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