ValuEngine upgraded shares of LCNB Corporation (NASDAQ:LCNB) from a hold rating to a buy rating in a research report report published on Tuesday.
A number of other analysts have also weighed in on LCNB. Zacks Investment Research lowered LCNB Corporation from a buy rating to a hold rating in a research note on Wednesday, June 21st. Boenning Scattergood restated a hold rating on shares of LCNB Corporation in a research note on Wednesday, July 19th.
LCNB Corporation (LCNB) opened at 20.95 on Tuesday. The company has a market cap of $209.67 million, a price-to-earnings ratio of 16.37 and a beta of 0.37. The company has a 50-day moving average of $19.09 and a 200-day moving average of $20.63. LCNB Corporation has a 12 month low of $16.55 and a 12 month high of $25.00.
LCNB Corporation (NASDAQ:LCNB) last announced its earnings results on Tuesday, July 18th. The bank reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). LCNB Corporation had a net margin of 23.44% and a return on equity of 8.78%. The business had revenue of $12.86 million during the quarter, compared to analyst estimates of $12.77 million. Analysts predict that LCNB Corporation will post $1.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 3.05%. LCNB Corporation’s payout ratio is 50.00%.
A number of hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in LCNB Corporation by 9.8% in the second 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. Cornerstone Capital Management Holdings LLC. acquired a new stake in LCNB Corporation in the second quarter worth about $110,000. Goldman Sachs Group Inc. increased its position in LCNB Corporation by 1,415.6% in the second 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. Dimensional Fund Advisors LP increased its position in LCNB Corporation by 76.5% in the second quarter. Dimensional Fund Advisors LP now owns 38,779 shares of the bank’s stock worth $776,000 after purchasing an additional 16,813 shares during the period. Finally, Vanguard Group Inc. increased its position in LCNB Corporation by 23.6% in the second 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. Hedge funds and other institutional investors own 37.85% of the company’s stock.
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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