LCNB (NASDAQ:LCNB) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded LCNB from “hold” to “buy,” following upgrades from Weiss Ratings and Zacks Research. MarketBeat data now shows an average analyst rating of “Strong Buy.”
• LCNB reported quarterly earnings of $0.53 per share, exceeding the $0.44 consensus estimate, while revenue of $25.14 million also topped expectations.
• LCNB shares opened at $19.53, with a market capitalization of approximately $278.5 million. Institutional investors and hedge funds own 34.73% of the company, including a new $16.9 million position purchased by BlackRock.

LCNB (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 to investors on Sunday, Wall Street Zen reports.

A number of other analysts have also recently commented on LCNB. Weiss Ratings upgraded LCNB from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 8th. Zacks Research upgraded shares of LCNB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

LCNB Price Performance

LCNB stock opened at $19.53 on Friday. The company's 50 day simple moving average is $19.20 and its 200-day simple moving average is $17.52. The company has a market capitalization of $278.50 million, a price-to-earnings ratio of 11.29 and a beta of 0.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. LCNB has a 1 year low of $14.31 and a 1 year high of $21.32.

LCNB (NASDAQ:LCNB - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 earnings per share 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 company had revenue of $25.14 million during the quarter, compared to the consensus estimate of $24.00 million. As a group, equities research analysts expect that LCNB will post 1.73 earnings per share for the current year.

Institutional Trading of LCNB

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of LCNB during the 2nd quarter worth about $16,885,000. Dimensional Fund Advisors LP grew its holdings in LCNB by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank's stock valued at $8,162,000 after purchasing an additional 28,883 shares during the period. Lcnb Corp increased its position in LCNB by 0.9% during the fourth quarter. Lcnb Corp now owns 506,663 shares of the bank's stock worth $8,304,000 after purchasing an additional 4,675 shares during the last quarter. Geode Capital Management LLC increased its position in LCNB by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank's stock worth $5,402,000 after purchasing an additional 1,171 shares during the last quarter. Finally, State Street Corp raised its stake in LCNB by 0.3% during the fourth quarter. State Street Corp now owns 180,882 shares of the bank's stock worth $2,965,000 after purchasing an additional 623 shares during the period. 34.73% of the stock is owned by institutional investors and hedge funds.

About LCNB

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.

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