LCNB (NASDAQ:LCNB) Issues Earnings Results, Misses Estimates By $0.04 EPS

LCNB (NASDAQ:LCNB) announced its quarterly earnings results on Thursday. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04), FiscalAI reports. The business had revenue of $23.86 million during the quarter, compared to analyst estimates of $17.90 million. LCNB had a net margin of 18.63% and a return on equity of 9.05%.

LCNB Stock Up 2.5%

Shares of NASDAQ LCNB traded up $0.42 during mid-day trading on Thursday, hitting $17.26. The company had a trading volume of 12,677 shares, compared to its average volume of 24,925. The company has a market capitalization of $244.92 million, a PE ratio of 10.34 and a beta of 0.57. The business’s 50-day simple moving average is $16.55 and its 200 day simple moving average is $15.77. LCNB has a 1-year low of $13.34 and a 1-year high of $17.84. 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 disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, December 1st. LCNB’s dividend payout ratio (DPR) is presently 52.69%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other LCNB news, Director William G. Huddle sold 3,000 shares of the company’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 $240,870.30. This represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LCNB

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in LCNB by 62.9% during the 3rd quarter. Bank of America Corp DE now owns 29,927 shares of the bank’s stock worth $449,000 after acquiring an additional 11,551 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of LCNB by 7.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 108,807 shares of the bank’s stock valued at $1,631,000 after purchasing an additional 7,605 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of LCNB by 41.6% during the 3rd quarter. Squarepoint Ops LLC now owns 23,187 shares of the bank’s stock worth $348,000 after purchasing an additional 6,811 shares during the last quarter. Rhumbline Advisers grew its stake in shares of LCNB by 13.6% during the third quarter. Rhumbline Advisers now owns 18,861 shares of the bank’s stock worth $283,000 after purchasing an additional 2,256 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of LCNB by 7.0% during the first quarter. Empowered Funds LLC now owns 52,377 shares of the bank’s stock worth $775,000 after purchasing an additional 3,421 shares in the last quarter. 34.73% of the stock is 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.