LCNB (NASDAQ:LCNB) Issues Quarterly Earnings Results

LCNB (NASDAQ:LCNB) issued its quarterly earnings results on Wednesday. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04), FiscalAI reports. The business had revenue of $23.54 million during the quarter, compared to analyst estimates of $23.30 million. LCNB had a return on equity of 8.53% and a net margin of 18.50%.

LCNB Stock Performance

NASDAQ:LCNB traded up $0.25 during trading hours on Friday, reaching $16.31. The company had a trading volume of 6,444 shares, compared to its average volume of 26,729. LCNB has a 1-year low of $13.75 and a 1-year high of $17.89. The firm has a market cap of $232.31 million, a PE ratio of 10.13 and a beta of 0.59. The business’s 50 day moving average price is $16.60 and its 200-day moving average price is $16.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.4%. LCNB’s payout ratio is 53.99%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of LCNB in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Insider Transactions at LCNB

In other LCNB news, EVP Michael Robert Miller sold 2,759 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $17.75, for a total value of $48,972.25. Following the completion of the transaction, the executive vice president directly owned 16,798 shares of the company’s stock, valued at approximately $298,164.50. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.67% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Invesco Ltd. acquired a new position in LCNB in the fourth quarter valued at approximately $195,000. Empowered Funds LLC lifted its holdings in LCNB by 10.6% in the fourth quarter. Empowered Funds LLC now owns 72,106 shares of the bank’s stock valued at $1,182,000 after acquiring an additional 6,899 shares during the period. Quadrature Capital Ltd acquired a new position in LCNB in the fourth quarter valued at approximately $171,000. Bridgeway Capital Management LLC lifted its holdings in LCNB by 6.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 115,706 shares of the bank’s stock valued at $1,896,000 after acquiring an additional 6,899 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in LCNB by 23.7% in the fourth quarter. AQR Capital Management LLC now owns 32,113 shares of the bank’s stock valued at $526,000 after acquiring an additional 6,161 shares during the period. 34.73% of the stock is owned by institutional investors and hedge funds.

LCNB Company Profile

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.