LCNB (NASDAQ:LCNB) Stock Rating Upgraded by Wall Street Zen
by Kim Johansen · The Markets DailyLCNB (NASDAQ:LCNB – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.
LCNB has been the topic of a number of other research reports. Zacks Research upgraded LCNB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, LCNB presently has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Report on LCNB
LCNB Price Performance
NASDAQ LCNB opened at $19.53 on Friday. The company has a 50 day simple moving average of $19.24 and a 200-day simple moving average of $17.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $278.50 million, a price-to-earnings ratio of 11.29 and a beta of 0.55. LCNB has a 52-week low of $14.31 and a 52-week high of $21.32.
LCNB (NASDAQ:LCNB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The business had revenue of $25.14 million during the quarter, compared to analyst estimates of $24.00 million. Equities research analysts predict that LCNB will post 1.73 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LCNB. California State Teachers Retirement System lifted its holdings in LCNB by 356.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,325 shares of the bank’s stock worth $58,000 after purchasing an additional 2,597 shares during the last quarter. Hsbc Holdings PLC boosted its position in LCNB by 9.9% during the second quarter. Hsbc Holdings PLC now owns 48,522 shares of the bank’s stock worth $849,000 after purchasing an additional 4,357 shares during the period. Kimelman & Baird LLC acquired a new position in LCNB during the second quarter valued at approximately $202,000. Empowered Funds LLC acquired a new position in LCNB during the second quarter valued at approximately $1,431,000. Finally, Axim Planning & Wealth bought a new position in shares of LCNB in the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 34.73% of the company’s stock.
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.