Wall Street Zen upgraded shares of LCNB (NASDAQ:LCNB – Free Report) from a hold rating to a buy rating in a research report report published on Saturday.
A number of other analysts also recently weighed in on LCNB. Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Zacks Research upgraded shares of LCNB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.
Get Our Latest Analysis on LCNB
LCNB Stock Performance
LCNB (NASDAQ:LCNB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. The company had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.00 million. LCNB had a return on equity of 8.92% and a net margin of 19.69%. On average, equities analysts expect that LCNB will post 1.73 EPS for the current year.
LCNB Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 4.5%. LCNB’s payout ratio is currently 50.87%.
Hedge Funds Weigh In On LCNB
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in LCNB in the second quarter worth about $16,885,000. Bank of New York Mellon Corp acquired a new stake in LCNB during the second quarter valued at approximately $1,008,000. Segall Bryant & Hamill LLC bought a new stake in shares of LCNB in the 1st quarter valued at approximately $802,000. Kestra Advisory Services LLC bought a new stake in shares of LCNB in the 1st quarter valued at approximately $455,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of LCNB by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after buying an additional 28,883 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.
About LCNB
LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.
On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.
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