LCNB (LCNB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
LEBANON, Ohio--(BUSINESS WIRE)--LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three months and nine months ended September 30, 2024. Commenting on the financial results, LCNB President and Chief Executive Officer Eric Meilstrup said, “Our 2024 third quarter results are encouraging and reflect the growing benefits of the April 2024 Eagle Financial Bancorp, Inc. (“EFBI” or “Eagle”) acquisition and the November 2023 Cincinnati Bancorp, Inc. (“Cincinnati Federal”) acq.
LCNB (LCNB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
LCNB (LCNB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
LCNB (LCNB) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.45 per share a year ago.
LEBANON, Ohio--(BUSINESS WIRE)--LCNB Corp. (Nasdaq: LCNB) today announced that the Company's Board of Directors declared a cash dividend of $0.22 per common share. The common stock cash dividend will have a record date of June 3, 2024, and is payable to shareholders on June 17, 2024. About LCNB Corp. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central.
LCNB (LCNB) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.57 per share a year ago.
LCNB (LCNB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
LCNB (LCNB) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.49 per share a year ago.
Earnings will increase next year thanks to a jump in loan balances following the upcoming acquisition of CNNB. The margin will likely remain under pressure this year due to unfavorable shifts in the funding mix. The December 2023 target price suggests a small downside from the current market price.