BidaskClub Lowers LCNB (LCNB) to Sell

BidaskClub lowered shares of LCNB (NASDAQ:LCNB) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

LCNB has been the subject of several other research reports. ValuEngine upgraded LCNB from a sell rating to a hold rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered LCNB from a hold rating to a sell rating in a research report on Friday, August 3rd. Finally, Boenning Scattergood restated a hold rating on shares of LCNB in a research report on Tuesday, July 31st.

Shares of NASDAQ:LCNB opened at $18.75 on Friday. LCNB has a 1 year low of $18.05 and a 1 year high of $22.84. The company has a market cap of $250.71 million, a price-to-earnings ratio of 14.76 and a beta of 0.38. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13.

LCNB (NASDAQ:LCNB) last announced its earnings results on Friday, July 20th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). LCNB had a net margin of 19.98% and a return on equity of 8.04%. The business had revenue of $14.16 million for the quarter, compared to analysts’ expectations of $14.45 million. analysts anticipate that LCNB will post 1.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, August 31st. LCNB’s dividend payout ratio is presently 50.39%.

Several institutional investors have recently bought and sold shares of LCNB. BlackRock Inc. raised its stake in shares of LCNB by 12.4% during the second quarter. BlackRock Inc. now owns 472,313 shares of the bank’s stock valued at $9,305,000 after acquiring an additional 52,203 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LCNB by 41.1% during the first quarter. Dimensional Fund Advisors LP now owns 129,016 shares of the bank’s stock valued at $2,451,000 after acquiring an additional 37,612 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of LCNB by 24.4% during the second quarter. Renaissance Technologies LLC now owns 147,800 shares of the bank’s stock valued at $2,912,000 after acquiring an additional 29,000 shares in the last quarter. Millennium Management LLC bought a new stake in shares of LCNB during the first quarter valued at approximately $547,000. Finally, Bank of America Corp DE raised its stake in shares of LCNB by 928.7% during the second quarter. Bank of America Corp DE now owns 29,914 shares of the bank’s stock valued at $589,000 after acquiring an additional 27,006 shares in the last quarter. 28.26% of the stock is owned by hedge funds and other institutional investors.

LCNB Company Profile

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its 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. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

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