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

LCNB (NASDAQ:LCNB) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

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

LCNB Stock Down 0.5 %

LCNB stock traded down $0.08 during trading on Monday, reaching $15.38. The stock had a trading volume of 26,698 shares, compared to its average volume of 19,828. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $15.78 and a 200 day moving average price of $15.47. The company has a market capitalization of $217.01 million, a P/E ratio of 15.86 and a beta of 0.78. LCNB has a 1-year low of $12.42 and a 1-year high of $17.92.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 earnings per share 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%. On average, equities analysts anticipate that LCNB will post 1.75 earnings per share for the current year.

Hedge Funds Weigh In On LCNB

Large investors have recently added to or reduced their stakes in the company. Hengehold Capital Management LLC grew its position in shares of LCNB by 156.1% during the 4th quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock worth $636,000 after buying an additional 25,637 shares during the period. Baker Ellis Asset Management LLC raised its position in shares of LCNB by 23.6% during the fourth quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock worth $396,000 after purchasing an additional 5,000 shares during the period. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 14,904 shares in the last quarter. Barclays PLC boosted its position in shares of LCNB by 79.3% during the third quarter. Barclays PLC now owns 27,855 shares of the bank’s stock worth $419,000 after buying an additional 12,322 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in LCNB by 7.0% during the third quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock worth $4,514,000 after purchasing an additional 19,687 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.