LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has LCNB's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LCNB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LCNB underperformed the US Banks industry which returned 2.3% over the past year.
Return vs Market: LCNB underperformed the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is LCNB's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StLCNB Corp. (NASDAQ:LCNB)'s Could Be A Buy For Its Upcoming Dividend
2 weeks ago | Simply Wall StLCNB Corp. (NASDAQ:LCNB) Insiders Have Been Selling
1 month ago | Simply Wall StLCNB Corp. (NASDAQ:LCNB) Is An Attractive Dividend Stock - Here's Why
Is LCNB undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LCNB ($16.61) is trading above our estimate of fair value ($15.9)
Significantly Below Fair Value: LCNB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LCNB is good value based on its PE Ratio (11.5x) compared to the Banks industry average (12.2x).
PE vs Market: LCNB is good value based on its PE Ratio (11.5x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: LCNB is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: LCNB is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).
How is LCNB forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LCNB's forecast earnings growth (3.9% per year) is above the savings rate (1.7%).
Earnings vs Market: LCNB's earnings (3.9% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: LCNB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LCNB's revenue is expected to decline over the next 3 years (-5.7% per year).
High Growth Revenue: LCNB's revenue is forecast to decline over the next 3 years (-5.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LCNB's Return on Equity is forecast to be low in 3 years time (8.4%).
How has LCNB performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LCNB has high quality earnings.
Growing Profit Margin: LCNB's current net profit margins (28.4%) are higher than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: LCNB's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: LCNB's earnings growth over the past year (27.6%) exceeds its 5-year average (11% per year).
Earnings vs Industry: LCNB earnings growth over the past year (27.6%) exceeded the Banks industry 12%.
Return on Equity
High ROE: LCNB's Return on Equity (8.3%) is considered low.
Return on Assets
Return on Capital Employed
How is LCNB's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: LCNB has a low level of unsold assets or inventory.
Debt Coverage by Assets: LCNB's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: LCNB's level of assets compared to its equity is low.
Allowance for Bad Loans: LCNB has a sufficient allowance for bad loans.
Low Risk Liabilities: LCNB's liabilities are made up of primarily low risk sources of funding.
Loan Level: LCNB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LCNB's loans are broadly funded by customer deposits.
Level of Bad Loans: LCNB has an appropriate level of bad loans (0.26%)
What is LCNB's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LCNB's dividend (4.33%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: LCNB's dividend (4.33%) is in the top 25% of dividend payers in the US market (3.9%)
Stability and Growth of Payments
Stable Dividend: LCNB's dividends per share have been stable in the past 10 years.
Growing Dividend: LCNB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.7%), LCNB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Meilstrup (51yo)
Mr. Eric J. Meilstrup has been President of LCNB Corp. and LCNB National Bank since October 1, 2018 and has been Chief Executive Officer of both LCNB Corp. and LCNB National Bank since June 30, 2019. He se ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD243.42K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||12.1yrs||US$236.96k||0.064% $138.4k|
|Executive VP & Columbus Market President||1.8yrs||US$131.15k||0.73% $1.6m|
|Secretary & Director||9.8yrs||US$31.86k||0.039% $84.0k|
|Executive VP & Chief Lending Officer||12.1yrs||US$251.30k||0.12% $258.7k|
|Executive VP & COO||0.8yrs||no data||0.020% $43.9k|
|Executive VP & Chief Investment Officer||3.1yrs||no data||0.036% $78.9k|
|Vice President of Human Resources and Vice President of Human Resources - LCNB National Bank||0yrs||no data||no data|
|Senior Executive Vice President||12.1yrs||US$154.51k||no data|
|Chief Credit Officer and Senior Executive Vice President||12.1yrs||no data||no data|
Experienced Management: LCNB's management team is seasoned and experienced (7.6 years average tenure).
|Secretary & Director||9.8yrs||US$31.86k||0.039% $84.0k|
|Independent Director||1.8yrs||US$22.64k||1.4% $3.1m|
|Independent Director||7.1yrs||US$30.88k||1.14% $2.5m|
|Director||0.7yrs||no data||0.0077% $16.8k|
Experienced Board: LCNB's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LCNB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.6%.
LCNB Corp.'s company bio, employee growth, exchange listings and data sources
- Name: LCNB Corp.
- Ticker: LCNB
- Exchange: NasdaqCM
- Founded: 1877
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$217.338m
- Shares outstanding: 12.94m
- Website: https://www.lcnb.com
Number of Employees
- LCNB Corp.
- 2 North Broadway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LCNB||NasdaqCM (Nasdaq Capital Market)||Yes||Common Shares||US||USD||Nov 1995|
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. Its loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans. The company also offers consumer loans, such as automobile, boat, home improvement, and personal loans. In addition, it provides trust administrative, estate settlement, and fiduciary services; and investment management services for trusts, agency accounts, individual retirement accounts, and foundations/endowments. Further, the company offers investment services and products, including financial needs analysis, mutual funds, securities trading, annuities, and life insurance; and security brokerage services. Additionally, it provides safe deposit boxes, night depositories, cashier's checks, bank-by-mail, ATMs, cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public service, personal computer-based cash management services, telephone banking, PC Internet banking, mobile banking, and other services for individuals and businesses. As of December 31, 2018, the company operated through 35 offices, including a main office in Warren County; branch offices in Warren, Butler, Clinton, Clermont, Fayette, Franklin, Hamilton, Montgomery, Preble, and Ross Counties; a loan production office in Franklin County; and an operations center in Warren County, Ohio, as well as 38 ATMs. LCNB Corp. was founded in 1877 and is headquartered in Lebanon, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 00:57|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.