Shares of LCNB Corp. (NASDAQ:LCNB) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also given LCNB an industry rank of 168 out of 265 based on the ratings given to its competitors.
LCNB has been the topic of a number of recent analyst reports. Zacks Investment Research lowered LCNB from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. ValuEngine raised LCNB from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th.
LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. LCNB had a return on equity of 8.60% and a net margin of 23.62%. The firm had revenue of $13.24 million for the quarter, compared to analyst estimates of $13.07 million. research analysts anticipate that LCNB will post 1.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.32%. The ex-dividend date was Wednesday, February 28th. LCNB’s dividend payout ratio (DPR) is 49.61%.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in LCNB by 1.4% in the fourth quarter. BlackRock Inc. now owns 420,689 shares of the bank’s stock valued at $8,603,000 after purchasing an additional 5,640 shares during the last quarter. Vanguard Group Inc. grew its holdings in LCNB by 23.6% in the second quarter. Vanguard Group Inc. now owns 341,794 shares of the bank’s stock valued at $6,836,000 after purchasing an additional 65,300 shares during the last quarter. State Street Corp grew its holdings in LCNB by 9.8% in the second quarter. State Street Corp now owns 159,567 shares of the bank’s stock valued at $3,194,000 after purchasing an additional 14,183 shares during the last quarter. Northern Trust Corp grew its holdings in LCNB by 10.5% in the second quarter. Northern Trust Corp now owns 95,610 shares of the bank’s stock valued at $1,913,000 after purchasing an additional 9,121 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in LCNB by 66.8% in the third quarter. Dimensional Fund Advisors LP now owns 64,700 shares of the bank’s stock valued at $1,355,000 after purchasing an additional 25,921 shares during the last quarter. 37.05% of the stock is currently owned by institutional investors.
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LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.
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