Shares of LCNB Corp. (NASDAQ:LCNB) reached a new 52-week low on Tuesday . The company traded as low as $17.95 and last traded at $18.10, with a volume of 1145 shares. The stock had previously closed at $18.50.
A number of research firms have weighed in on LCNB. Zacks Investment Research lowered LCNB from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. ValuEngine lowered LCNB from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. BidaskClub lowered LCNB from a “hold” rating to a “sell” rating in a report on Saturday, August 25th. Finally, Boenning Scattergood restated a “hold” rating on shares of LCNB in a report on Tuesday, July 31st.
The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The firm has a market cap of $247.38 million, a P/E ratio of 14.37 and a beta of 0.29.
LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Friday, July 20th. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). LCNB had a net margin of 19.98% and a return on equity of 8.04%. The business had revenue of $14.16 million for the quarter, compared to analysts’ expectations of $14.45 million. analysts expect that LCNB Corp. will post 1.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.51%. LCNB’s dividend payout ratio is presently 50.39%.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of LCNB by 12.4% during the 2nd quarter. BlackRock Inc. now owns 472,313 shares of the bank’s stock valued at $9,305,000 after purchasing an additional 52,203 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LCNB by 18.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 153,089 shares of the bank’s stock valued at $3,016,000 after purchasing an additional 24,073 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LCNB by 24.4% during the 2nd quarter. Renaissance Technologies LLC now owns 147,800 shares of the bank’s stock valued at $2,912,000 after purchasing an additional 29,000 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of LCNB by 79.2% during the 2nd quarter. Millennium Management LLC now owns 51,630 shares of the bank’s stock valued at $1,017,000 after purchasing an additional 22,815 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of LCNB by 60.8% during the 4th quarter. Deutsche Bank AG now owns 37,431 shares of the bank’s stock valued at $764,000 after purchasing an additional 14,152 shares during the last quarter. Hedge funds and other institutional investors own 28.26% of the company’s stock.
About LCNB (NASDAQ:LCNB)
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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