LCNB Corp. (NASDAQ:LCNB) announced its quarterly earnings results on Tuesday. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ 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%.
Shares of LCNB Corp. (NASDAQ:LCNB) opened at 17.96 on Wednesday. The stock has a market cap of $179.20 million, a PE ratio of 15.74 and a beta of 0.08. LCNB Corp. has a 12 month low of $15.07 and a 12 month high of $19.13. The firm’s 50-day moving average is $17.98 and its 200 day moving average is $17.22.
In related news, EVP Eric J. Meilstrup sold 9,825 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $17.55, for a total value of $172,428.75. Following the sale, the executive vice president now owns 11,653 shares in the company, valued at $204,510.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert C. Haines II sold 6,723 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $17.29, for a total transaction of $116,240.67. Following the completion of the sale, the chief financial officer now owns 9,026 shares in the company, valued at approximately $156,059.54. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.
LCNB has been the subject of several analyst reports. FBR & Co cut shares of LCNB Corp. from an “outperform” rating to a “market perform” rating and set a $19.00 price target for the company. in a research report on Tuesday, October 11th. Zacks Investment Research raised shares of LCNB Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Thursday, July 21st.
About LCNB Corp.
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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