LCNB Corp. (NASDAQ:LCNB) announced its quarterly earnings data on Tuesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.03. LCNB Corp. had a return on equity of 8.04% and a net margin of 21.51%.
Shares of LCNB Corp. (NASDAQ:LCNB) traded down 0.88% on Tuesday, reaching $17.96. The company had a trading volume of 6,485 shares. LCNB Corp. has a 1-year low of $15.07 and a 1-year high of $19.13. The company’s 50 day moving average price is $17.97 and its 200-day moving average price is $17.21. The stock has a market capitalization of $179.20 million, a P/E ratio of 15.74 and a beta of 0.08.
Several brokerages recently issued reports on LCNB. FBR & Co increased their price objective on LCNB Corp. from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 19th. Zacks Investment Research cut LCNB Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 21st.
In other news, CFO Robert C. Haines II sold 6,723 shares of LCNB Corp. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $17.29, for a total transaction of $116,240.67. Following the sale, the chief financial officer now owns 9,026 shares of the company’s stock, valued at approximately $156,059.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Stephen P. Wilson sold 27,560 shares of LCNB Corp. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $17.11, for a total transaction of $471,551.60. Following the sale, the chairman now directly owns 92,653 shares in the company, valued at approximately $1,585,292.83. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.
LCNB Corp. Company Profile
LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.
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