LCNB (NASDAQ:LCNB) Raised to “Hold” at StockNews.com

LCNB (NASDAQ:LCNB) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

LCNB Trading Down 1.1 %

NASDAQ:LCNB opened at $15.81 on Wednesday. LCNB has a 52 week low of $12.42 and a 52 week high of $17.09. The firm has a 50-day moving average price of $14.86 and a two-hundred day moving average price of $14.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.93. The firm has a market cap of $223.60 million, a price-to-earnings ratio of 17.18 and a beta of 0.76.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. LCNB had a return on equity of 6.55% and a net margin of 5.97%. The company had revenue of $19.30 million during the quarter, compared to the consensus estimate of $18.50 million. On average, equities analysts expect that LCNB will post 1 earnings per share for the current fiscal year.

Institutional Trading of LCNB

Hedge funds and other institutional investors have recently modified their holdings of the business. Souders Financial Advisors bought a new position in LCNB in the 2nd quarter worth approximately $231,000. Kimelman & Baird LLC purchased a new stake in shares of LCNB during the second quarter worth $160,000. Renaissance Technologies LLC boosted its holdings in shares of LCNB by 5.2% in the second quarter. Renaissance Technologies LLC now owns 114,916 shares of the bank’s stock worth $1,598,000 after acquiring an additional 5,700 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of LCNB by 10.2% in the second quarter. Johnson Investment Counsel Inc. now owns 125,513 shares of the bank’s stock valued at $1,746,000 after purchasing an additional 11,649 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of LCNB by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,207 shares during the period. Institutional investors own 34.73% of the company’s stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.