Wall Street Zen upgraded shares of LCNB (NASDAQ:LCNB – Free Report) from a hold rating to a buy rating in a report issued on Sunday,Wall Street Zen reports.
Other research analysts have also issued research reports about the company. Weiss Ratings raised LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. Zacks Research upgraded LCNB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.
View Our Latest Stock Report on LCNB
LCNB Stock Performance
LCNB (NASDAQ:LCNB – Get Free Report) last announced its earnings results 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 firm had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. LCNB had a net margin of 19.69% and a return on equity of 8.92%. On average, equities analysts expect that LCNB will post 1.73 EPS for the current year.
LCNB Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.88 annualized dividend and a yield of 4.5%. LCNB’s dividend payout ratio is 50.87%.
Hedge Funds Weigh In On LCNB
A number of hedge funds have recently made changes to their positions in LCNB. Legal & General Group Plc acquired a new stake in shares of LCNB during the 2nd quarter worth $25,000. CANADA LIFE ASSURANCE Co grew its position in LCNB by 57.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock valued at $27,000 after acquiring an additional 603 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in LCNB during the second quarter valued at about $50,000. BNP Paribas Financial Markets increased its stake in LCNB by 182.7% during the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock worth $54,000 after acquiring an additional 2,328 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in LCNB by 202.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock worth $55,000 after acquiring an additional 2,546 shares during 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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