Boenning Scattergood Equities Analysts Raise Earnings Estimates for LCNB Corporation (NASDAQ:LCNB)

LCNB Corporation (NASDAQ:LCNB) – Analysts at Boenning Scattergood upped their Q4 2017 earnings per share estimates for shares of LCNB Corporation in a note issued to investors on Wednesday. Boenning Scattergood analyst S. Beury now anticipates that the bank will post earnings per share of $0.33 for the quarter, up from their prior estimate of $0.31. Boenning Scattergood currently has a “Hold” rating on the stock.

LCNB Corporation (NASDAQ:LCNB) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. LCNB Corporation had a return on equity of 8.82% and a net margin of 23.44%. The company had revenue of $12.86 million for the quarter, compared to analyst estimates of $12.77 million.

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A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of LCNB Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. ValuEngine upgraded shares of LCNB Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, FBR & Co restated a “hold” rating and set a $24.00 target price on shares of LCNB Corporation in a report on Thursday, April 20th.

LCNB Corporation (NASDAQ LCNB) opened at 20.15 on Friday. The company’s 50 day moving average price is $20.21 and its 200 day moving average price is $21.59. The firm has a market capitalization of $201.56 million, a P/E ratio of 15.87 and a beta of 0.35. LCNB Corporation has a 12 month low of $16.55 and a 12 month high of $25.00.

Several large investors have recently modified their holdings of LCNB. Geode Capital Management LLC increased its stake in shares of LCNB Corporation by 4.5% in the first quarter. Geode Capital Management LLC now owns 59,651 shares of the bank’s stock valued at $1,422,000 after buying an additional 2,580 shares during the period. Vanguard Group Inc. increased its stake in shares of LCNB Corporation by 30.4% in the first quarter. Vanguard Group Inc. now owns 276,494 shares of the bank’s stock valued at $6,595,000 after buying an additional 64,460 shares during the period. Wellington Management Group LLP purchased a new stake in shares of LCNB Corporation during the first quarter valued at approximately $2,018,000. 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 valued at $129,000 after buying an additional 365 shares during the period. Finally, Martingale Asset Management L P increased its stake in shares of LCNB Corporation by 20.6% in the first quarter. Martingale Asset Management L P now owns 21,091 shares of the bank’s stock valued at $504,000 after buying an additional 3,602 shares during the period. Institutional investors and hedge funds own 38.36% of the company’s stock.

In related news, Chairman Stephen P. Wilson sold 15,333 shares of the company’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 value 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Stephen P. Wilson sold 3,932 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $20.00, for a total transaction of $78,640.00. Following the completion of 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.

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.

Earnings History and Estimates for LCNB Corporation (NASDAQ:LCNB)

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