LCNB (NASDAQ:LCNB - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.
LCNB Stock Performance
NASDAQ LCNB traded up $0.18 during trading hours on Friday, hitting $14.78. The company had a trading volume of 12,016 shares, compared to its average volume of 21,743. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40. The firm has a market cap of $209.43 million, a P/E ratio of 12.85 and a beta of 0.60. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.92. The business has a fifty day simple moving average of $14.55 and a 200-day simple moving average of $14.90.
LCNB (NASDAQ:LCNB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). The firm had revenue of $21.52 million during the quarter, compared to analyst estimates of $15.80 million. LCNB had a return on equity of 7.68% and a net margin of 12.72%. Equities analysts predict that LCNB will post 1.65 EPS for the current year.
Institutional Trading of LCNB
Hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management acquired a new position in shares of LCNB during the first quarter valued at $32,000. Tower Research Capital LLC TRC lifted its position in shares of LCNB by 240.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank's stock valued at $47,000 after acquiring an additional 2,205 shares in the last quarter. Allworth Financial LP boosted its position in shares of LCNB by 100.0% in the first quarter. Allworth Financial LP now owns 6,570 shares of the bank's stock worth $95,000 after buying an additional 3,285 shares during the period. NewEdge Advisors LLC purchased a new position in LCNB during the 1st quarter valued at about $206,000. Finally, Nuveen LLC purchased a new position in LCNB during the first quarter valued at approximately $228,000. Institutional investors own 34.73% of the company's stock.
About LCNB
(
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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.
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