Boenning Scattergood Weighs in on LCNB Corp.’s Q1 2020 Earnings (NASDAQ:LCNB)

LCNB Corp. (NASDAQ:LCNB) – Equities researchers at Boenning Scattergood issued their Q1 2020 earnings estimates for LCNB in a report issued on Tuesday, February 11th. Boenning Scattergood analyst S. Beury forecasts that the bank will post earnings per share of $0.36 for the quarter. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for LCNB’s Q2 2020 earnings at $0.38 EPS, Q3 2020 earnings at $0.39 EPS, Q4 2020 earnings at $0.39 EPS and FY2021 earnings at $1.58 EPS.

LCNB (NASDAQ:LCNB) last announced its earnings results on Wednesday, January 29th. The bank reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $24.85 million for the quarter, compared to analysts’ expectations of $16.56 million. LCNB had a return on equity of 8.48% and a net margin of 22.16%.

LCNB has been the topic of several other reports. BidaskClub cut LCNB from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. Zacks Investment Research cut LCNB from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, ValuEngine raised LCNB from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th.

Shares of NASDAQ:LCNB opened at $16.87 on Thursday. The stock has a market capitalization of $222.95 million, a price-to-earnings ratio of 11.72 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $17.99 and its two-hundred day simple moving average is $17.85. LCNB has a 52-week low of $16.20 and a 52-week high of $19.94.

Hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of LCNB by 42.7% during the 4th quarter. Citigroup Inc. now owns 2,471 shares of the bank’s stock valued at $48,000 after buying an additional 740 shares in the last quarter. Investment Partners LTD. purchased a new position in LCNB in the 4th quarter worth approximately $233,000. Barclays PLC lifted its holdings in LCNB by 95.5% in the 4th quarter. Barclays PLC now owns 12,388 shares of the bank’s stock worth $239,000 after purchasing an additional 6,052 shares in the last quarter. Rhumbline Advisers lifted its holdings in LCNB by 9.5% in the 3rd quarter. Rhumbline Advisers now owns 16,919 shares of the bank’s stock worth $300,000 after purchasing an additional 1,467 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in LCNB by 8.7% in the 4th quarter. California Public Employees Retirement System now owns 22,500 shares of the bank’s stock worth $434,000 after purchasing an additional 1,800 shares in the last quarter. 35.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP John F. Smiley sold 4,029 shares of LCNB stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $18.56, for a total transaction of $74,778.24. Following the transaction, the executive vice president now directly owns 92,515 shares of the company’s stock, valued at approximately $1,717,078.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John F. Smiley sold 4,000 shares of LCNB stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.35, for a total value of $73,400.00. Following the transaction, the executive vice president now directly owns 96,544 shares in the company, valued at $1,771,582.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,240 shares of company stock worth $170,272. Insiders own 6.45% of the company’s stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's 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.

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