LCNB (LCNB) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of LCNB (NASDAQ:LCNB) from a sell rating to a hold rating in a research note published on Wednesday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of LCNB from a sell rating to a hold rating in a research report on Wednesday, June 20th. BidaskClub lowered shares of LCNB from a hold rating to a sell rating in a research report on Saturday, August 25th. Finally, Boenning Scattergood reissued a hold rating on shares of LCNB in a research report on Tuesday, July 31st.

Shares of LCNB stock opened at $18.90 on Wednesday. LCNB has a 52 week low of $17.93 and a 52 week high of $22.84. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $251.37 million, a P/E ratio of 14.65 and a beta of 0.29.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Friday, July 20th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). LCNB had a return on equity of 8.04% and a net margin of 19.98%. The business had revenue of $14.16 million for the quarter, compared to analysts’ expectations of $14.45 million. analysts expect that LCNB will post 1.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Friday, August 31st. LCNB’s dividend payout ratio is presently 50.39%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC raised its position in LCNB by 79.2% during the 2nd quarter. Millennium Management LLC now owns 51,630 shares of the bank’s stock worth $1,017,000 after buying an additional 22,815 shares during the last quarter. Bank of America Corp DE grew its stake in shares of LCNB by 928.7% during the 2nd quarter. Bank of America Corp DE now owns 29,914 shares of the bank’s stock worth $589,000 after purchasing an additional 27,006 shares during the period. Renaissance Technologies LLC grew its stake in shares of LCNB by 24.4% during the 2nd quarter. Renaissance Technologies LLC now owns 147,800 shares of the bank’s stock worth $2,912,000 after purchasing an additional 29,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of LCNB by 18.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 153,089 shares of the bank’s stock worth $3,016,000 after purchasing an additional 24,073 shares during the period. Finally, BlackRock Inc. grew its stake in shares of LCNB by 12.4% during the 2nd quarter. BlackRock Inc. now owns 472,313 shares of the bank’s stock worth $9,305,000 after purchasing an additional 52,203 shares during the period. 28.26% of the stock is owned by institutional investors.

About LCNB

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

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