LCNB (NASDAQ:LCNB) Cut to "Hold" at Wall Street Zen

LCNB (NASDAQ:LCNB - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

LCNB Trading Down 0.7%

NASDAQ:LCNB opened at $15.52 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $219.92 million, a PE ratio of 10.42 and a beta of 0.60. The firm's 50 day moving average is $14.80 and its 200 day moving average is $14.82. LCNB has a 12 month low of $13.24 and a 12 month high of $17.92.

LCNB (NASDAQ:LCNB - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. LCNB had a net margin of 16.62% and a return on equity of 8.33%. The business had revenue of $22.79 million for the quarter, compared to analysts' expectations of $16.80 million. Sell-side analysts expect that LCNB will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On LCNB

Hedge funds and other institutional investors have recently bought and sold shares of the business. MAI Capital Management bought a new stake in LCNB during the 1st quarter valued at $32,000. Tower Research Capital LLC TRC grew its position in shares of LCNB by 240.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank's stock valued at $47,000 after purchasing an additional 2,205 shares in the last quarter. Allworth Financial LP grew its position in shares of LCNB by 100.0% during the 1st quarter. Allworth Financial LP now owns 6,570 shares of the bank's stock valued at $95,000 after purchasing an additional 3,285 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of LCNB during the 1st quarter valued at $206,000. Finally, Nuveen LLC purchased a new position in shares of LCNB during the 1st quarter valued at $228,000. Institutional investors own 34.73% of the company's stock.

About LCNB

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.