LCNB (NASDAQ:LCNB) Cut to “Hold” at Wall Street Zen

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

Other research analysts have also issued reports about the stock. Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research note 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 research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, LCNB presently has an average rating of “Strong Buy”.

LCNB Stock Up 0.5%

LCNB stock traded up $0.09 during trading on Friday, reaching $19.43. 29,336 shares of the stock were exchanged, compared to its average volume of 41,053. The firm’s 50 day moving average is $19.05 and its 200 day moving average is $17.45. The firm has a market cap of $277.07 million, a P/E ratio of 11.23 and a beta of 0.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. LCNB has a twelve month low of $14.31 and a twelve month high of $21.32.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The firm had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.00 million. As a group, research analysts forecast that LCNB will post 1.73 EPS for the current year.

Hedge Funds Weigh In On LCNB

Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in LCNB during the 2nd quarter valued at $16,885,000. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 28,883 shares in the last quarter. Lcnb Corp grew its stake in shares of LCNB by 0.9% in the 4th quarter. Lcnb Corp now owns 506,663 shares of the bank’s stock worth $8,304,000 after acquiring an additional 4,675 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LCNB by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock valued at $5,402,000 after purchasing an additional 1,171 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of LCNB by 0.3% in the fourth quarter. State Street Corp now owns 180,882 shares of the bank’s stock valued at $2,965,000 after purchasing an additional 623 shares during the last quarter. 34.73% of the stock is currently owned by institutional investors.

LCNB Company Profile

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.