In a report released today, Scott Beury from Boenning & Scattergood maintained a Hold rating on LCNB Corporation (LCNB). The company’s shares closed yesterday at $16.90.
Beury said:
“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 began to emerge in 4Q18 results. LCNB shares trade at just 10.7x our 2019 EPS estimate and 145% of tangible book, both representing modest discounts to peers.”
According to TipRanks.com, Beury is a 2-star analyst with an average return of 0.9% and a 46.2% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers National Banc Corp Oh, Old National Bancorp Capital, and Independent Bank Corporation.
LCNB Corporation has an analyst consensus of Hold.
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The company has a one-year high of $20.65 and a one-year low of $14.56. Currently, LCNB Corporation has an average volume of 19.73K.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LCNB in relation to earlier this year.
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LCNB Corp. is a financial holding company, which engages in the commercial banking and insurance agency businesses through its subsidiaries. It offers deposit services, which include checking and savings accounts, christmas and vacation club accounts, money market deposit accounts, individual retirement accounts, and certificates of deposit as well as loan products which include commercial, industrial, residential real estate, agricultural, construction and small business administration loans. The company was founded in December 1998 and is headquartered in Lebanon, OH.
