StockNews.com Downgrades LCNB (NASDAQ:LCNB) to Hold

LCNB (NASDAQ:LCNB) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Separately, Hovde Group began coverage on LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price for the company.

LCNB Stock Performance

Shares of LCNB stock opened at $13.67 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. LCNB has a 52 week low of $12.42 and a 52 week high of $17.92. The firm’s 50 day moving average is $14.89 and its two-hundred day moving average is $15.43. The firm has a market capitalization of $193.54 million, a P/E ratio of 14.09 and a beta of 0.68.

LCNB (NASDAQ:LCNB) last posted its earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. Research analysts forecast that LCNB will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On LCNB

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in shares of LCNB by 240.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank’s stock worth $47,000 after purchasing an additional 2,205 shares during the last quarter. Deutsche Bank AG increased its stake in LCNB by 51.4% in the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock valued at $248,000 after buying an additional 5,565 shares during the period. Squarepoint Ops LLC raised its position in LCNB by 53.0% during the 4th quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock worth $255,000 after buying an additional 5,834 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of LCNB by 29.0% in the 4th quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock worth $289,000 after acquiring an additional 4,306 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of LCNB by 268.9% in the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after acquiring an additional 14,904 shares in the last quarter. 34.73% of the stock is owned by hedge funds and other institutional investors.

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.