LCNB (NASDAQ:LCNB) Issues Quarterly Earnings Results

LCNB (NASDAQ:LCNB) announced its earnings results on Thursday. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04), FiscalAI reports. LCNB had a net margin of 18.57% and a return on equity of 8.76%. The business had revenue of $23.86 million for the quarter, compared to the consensus estimate of $17.90 million.

LCNB Stock Down 0.9%

LCNB stock opened at $17.11 on Friday. The business has a fifty day moving average price of $16.61 and a 200-day moving average price of $15.79. LCNB has a 1-year low of $13.34 and a 1-year high of $17.84. The stock has a market capitalization of $242.79 million, a price-to-earnings ratio of 10.50 and a beta of 0.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.92 and a quick ratio of 0.92.

LCNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, December 1st. LCNB’s payout ratio is presently 53.99%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of LCNB from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Insiders Place Their Bets

In other news, Director William G. Huddle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the sale, the director owned 15,530 shares in the company, valued at approximately $240,870.30. The trade was a 16.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.02% of the company’s stock.

Institutional Trading of LCNB

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in shares of LCNB by 182.7% during the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock valued at $54,000 after buying an additional 2,328 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in LCNB by 202.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock worth $55,000 after purchasing an additional 2,546 shares in the last quarter. Jane Street Group LLC purchased a new position in LCNB in the 2nd quarter valued at $173,000. JPMorgan Chase & Co. raised its holdings in shares of LCNB by 39.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,636 shares of the bank’s stock worth $204,000 after acquiring an additional 3,860 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in shares of LCNB during the 1st quarter valued at about $206,000. 34.73% of the stock is currently owned by institutional investors and hedge funds.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.