Critical Review: LCNB (NASDAQ:LCNB) and Pacific Valley Bank (NASDAQ:PVBK)

LCNB (NASDAQ:LCNB) and Pacific Valley Bank (OTCMKTS:PVBK) are both small-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their risk, earnings, profitability, dividends, valuation, analyst recommendations and institutional ownership.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for LCNB and Pacific Valley Bank, as reported by

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
LCNB 0 1 0 0 2.00
Pacific Valley Bank 0 0 0 0 N/A


This table compares LCNB and Pacific Valley Bank’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
LCNB 25.08% 8.75% 1.18%
Pacific Valley Bank 18.20% N/A N/A

Insider & Institutional Ownership

33.7% of LCNB shares are held by institutional investors. 6.5% of LCNB shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.


LCNB pays an annual dividend of $0.68 per share and has a dividend yield of 3.8%. Pacific Valley Bank does not pay a dividend. LCNB pays out 48.9% of its earnings in the form of a dividend. LCNB has increased its dividend for 2 consecutive years.

Valuation and Earnings

This table compares LCNB and Pacific Valley Bank’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
LCNB $65.64 million 3.54 $14.85 million $1.39 12.90
Pacific Valley Bank $13.29 million 2.55 $2.46 million N/A N/A

LCNB has higher revenue and earnings than Pacific Valley Bank.

Risk and Volatility

LCNB has a beta of 0.55, meaning that its share price is 45% less volatile than the S&P 500. Comparatively, Pacific Valley Bank has a beta of 0.38, meaning that its share price is 62% less volatile than the S&P 500.


LCNB beats Pacific Valley Bank on 11 of the 13 factors compared between the two stocks.

LCNB Company Profile

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.

Pacific Valley Bank Company Profile

Pacific Valley Bank provides personal and business banking products and services in the United States. The company offers checking, savings, money market, and individual retirement accounts, as well as certificates of deposit. It also provides business and consumer loans; debit cards; and online and mobile banking, bill pay, remote deposit capture, and bank to bank transfer services, as well as e-statements and order checks. The company was founded in 2004 and is based in Salinas, California.

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