Boenning & Scattergood analyst Scott Beury maintained a Hold rating on LCNB Corporation (LCNB) today. The company’s shares opened today at $17.
Beury wrote:
“We continue to view LCNB Corp. as a well-managed community bank franchise with a balanced approach of acquisitive expansion coupled with prudent organic growth in its legacy footprint of southwest Ohio and, more recently, in Columbus. While the company’s recent fundamental performance has been solid, accelerating organic loan growth has been a gradual development. In our view, enhancing the pace of growth represents the primary driver of boosting ROA back to the company’s historical standards (+1.00% prior to tax reform). We believe the company’s 2018 acquisition into Columbus is a significant step in the right direction, and the benefits continued to show in 1Q19 results. LCNB shares trade at just 11.0x our 2019 EPS estimate and 142% of tangible book, both representing modest discounts to peers.”
According to TipRanks.com, Beury is a 3-star analyst with an average return of 2.2% and a 46.3% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers & Merchants Bancorp, Inc., Independent Bank Corporation, and United Community Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for LCNB Corporation.
See today’s analyst top recommended stocks >>
LCNB Corporation’s market cap is currently $227.5M and has a P/E ratio of 13.11. The company has a Price to Book ratio of 1.02.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
LCNB Corp. is a financial holding company, which offers commercial and personal banking services. Its services include education and awareness, fraud, and community shred day schedule. The company was founded in December 1998 and is headquartered in Lebanon, OH.
