LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. More Details
Flawless balance sheet 6 star dividend payer.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: LCNB's weekly volatility has decreased from 10% to 5% over the past year.
7 Day Return
1 Year Return
Return vs Industry: LCNB exceeded the US Banks industry which returned -17.3% over the past year.
Return vs Market: LCNB underperformed the US Market which returned 20.7% over the past year.
Long-Term 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 StIs It Smart To Buy LCNB Corp. (NASDAQ:LCNB) Before It Goes Ex-Dividend?
1 week ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of LCNB Corp. (NASDAQ:LCNB) Shares?
1 month ago | Simply Wall StWhat To Know Before Buying LCNB Corp. (NASDAQ:LCNB) For Its Dividend
Is LCNB undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LCNB ($15.59) is trading below our estimate of fair value ($18.53)
Significantly Below Fair Value: LCNB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LCNB is good value based on its PE Ratio (10.5x) compared to the US Banks industry average (11.4x).
PE vs Market: LCNB is good value based on its PE Ratio (10.5x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: LCNB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: LCNB's PB Ratio (0.8x) is in line with the US Banks industry average.
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 earnings are forecast to decline over the next 3 years (-18.4% per year).
Earnings vs Market: LCNB's earnings are forecast to decline over the next 3 years (-18.4% per year).
High Growth Earnings: LCNB's earnings are forecast to decline over the next 3 years.
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: Insufficient data to determine if LCNB's Return on Equity is forecast to be high in 3 years time
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 (28.1%) are lower than last year (29.5%).
Past Earnings Growth Analysis
Earnings Trend: LCNB's earnings have grown by 12.8% per year over the past 5 years.
Accelerating Growth: LCNB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LCNB had negative earnings growth (-0.6%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).
Return on Equity
High ROE: LCNB's Return on Equity (8%) is considered low.
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
Financial Institutions Analysis
Asset Level: LCNB's Assets to Equity ratio (7.2x) is low.
Allowance for Bad Loans: LCNB has a sufficient allowance for bad loans (142%).
Low Risk Liabilities: 96% of LCNB's liabilities are made up of primarily low risk sources of funding.
Loan Level: LCNB has an appropriate level of Loans to Assets ratio (77%).
Low Risk Deposits: LCNB's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: LCNB has an appropriate level of bad loans (0.3%).
What is LCNB current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LCNB's dividend (4.87%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: LCNB's dividend (4.87%) is in the top 25% of dividend payers in the US market (4.08%)
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 (48.7%), LCNB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LCNB's dividends in 3 years are forecast to be covered by earnings (68.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Meilstrup (52 yo)
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 ($USD525.72K) is below average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP & CFO||12.83yrs||US$356.21k||0.064% |
|Executive VP & Trust Department Head||3.58yrs||US$263.46k||0.056% |
|Secretary & Independent Director||10.58yrs||US$42.85k||0.039% |
|Executive VP & Chief Lending Officer||12.83yrs||US$460.53k||0.12% |
|Executive VP & COO||1.5yrs||no data||0.023% |
|Executive VP & Chief Investment Officer||3.83yrs||no data||0.036% |
|Vice President of Human Resources and Vice President of Human Resources - LCNB National Bank||no data||no data||no data|
|Senior Executive Vice President||12.83yrs||US$154.51k||no data|
|Chief Credit Officer and Senior Executive Vice President||12.83yrs||no data||no data|
|Senior Vice President||no data||no data||no data|
|Senior Vice President||12.83yrs||no data||no data|
Experienced Management: LCNB's management team is seasoned and experienced (12.8 years average tenure).
|Secretary & Independent Director||10.58yrs||US$42.85k||0.039% |
|Independent Director||38.83yrs||US$38.38k||0.49% |
|Independent Director||2.5yrs||US$39.87k||1.47% |
|Independent Chairman||1.67yrs||US$43.75k||1.1% |
|Independent Director||1.83yrs||US$39.37k||0.016% |
|Independent Director||2yrs||US$36.88k||1.16% |
|Independent Director||7.83yrs||US$41.86k||1.15% |
|Independent Director||1.5yrs||US$22.76k||0.039% |
Experienced Board: LCNB's board of directors are not considered experienced ( 2.5 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 not been meaningfully diluted in the past year.
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$200.778m
- Shares outstanding: 12.88m
- 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, Ch...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/29 00:14|
|End of Day Share Price||2020/11/27 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.