Wall Street Zen Upgrades LCNB (NASDAQ:LCNB) to Buy

LCNB (NASDAQ:LCNB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

LCNB Stock Performance

Shares of LCNB stock opened at $15.33 on Tuesday. The company has a market cap of $217.23 million, a price-to-earnings ratio of 13.33 and a beta of 0.60. The stock has a 50 day simple moving average of $14.75 and a 200-day simple moving average of $14.80. LCNB has a 12-month low of $13.24 and a 12-month high of $17.92. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm had revenue of $21.52 million during the quarter, compared to analysts’ expectations of $15.80 million. LCNB had a net margin of 12.72% and a return on equity of 7.68%. On average, equities analysts forecast that LCNB will post 1.65 EPS for the current year.

Hedge Funds Weigh In On LCNB

Institutional investors and hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new position in LCNB in the fourth quarter valued at about $814,000. Commonwealth Equity Services LLC purchased a new position in shares of LCNB during the 4th quarter worth approximately $484,000. Lido Advisors LLC purchased a new position in shares of LCNB during the 4th quarter worth approximately $469,000. JPMorgan Chase & Co. boosted its position in LCNB by 122.4% during the fourth quarter. JPMorgan Chase & Co. now owns 45,477 shares of the bank’s stock worth $688,000 after acquiring an additional 25,031 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in LCNB by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 423,891 shares of the bank’s stock worth $6,413,000 after acquiring an additional 22,315 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Company Profile

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.