LCNB (NASDAQ:LCNB) Downgraded to “Hold” Rating by Wall Street Zen

LCNB (NASDAQ:LCNBGet Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other research analysts have also issued reports on the stock. Zacks Research upgraded shares of LCNB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, LCNB currently has a consensus rating of “Strong Buy”.

Get Our Latest Stock Analysis on LCNB

LCNB Trading Up 0.5%

Shares of LCNB stock traded up $0.09 on Friday, hitting $19.43. The company had a trading volume of 29,336 shares, compared to its average volume of 41,053. The firm has a market cap of $277.07 million, a P/E ratio of 11.23 and a beta of 0.56. The stock’s 50-day moving average is $19.05 and its two-hundred day moving average is $17.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. LCNB has a twelve month low of $14.31 and a twelve month high of $21.32.

LCNB (NASDAQ:LCNBGet Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $25.14 million during the quarter, compared to the consensus estimate of $24.00 million. LCNB had a return on equity of 8.92% and a net margin of 19.69%. On average, equities research analysts anticipate that LCNB will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LCNB

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new position in LCNB in the second quarter valued at approximately $25,000. CANADA LIFE ASSURANCE Co grew its position in shares of LCNB by 57.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock worth $27,000 after buying an additional 603 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of LCNB in the 2nd quarter valued at $50,000. BNP Paribas Financial Markets increased its stake in shares of LCNB by 182.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock valued at $54,000 after acquiring an additional 2,328 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of LCNB by 202.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock valued at $55,000 after acquiring an additional 2,546 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors.

About LCNB

(Get Free Report)

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.

Further Reading

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