LCNB (NASDAQ:LCNB) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• LCNB's stock has been given a "hold (C+)" rating by Weiss Ratings, indicating a neutral stance on the stock's potential.
• The company recently reported earnings of $0.41 per share, beating estimates, and had revenues of $22.79 million for the quarter.
• LCNB's shares currently have a consensus price target of $16.25 from analysts, reflecting a cautious outlook on its stock value.

LCNB (NASDAQ:LCNB - Get Free Report)'s stock had its "hold (c+)" rating reiterated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered LCNB from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, LCNB presently has a consensus rating of "Hold" and an average price target of $16.25.

LCNB Price Performance

Shares of LCNB opened at $14.85 on Wednesday. LCNB has a twelve month low of $13.34 and a twelve month high of $17.92. The stock's 50 day moving average is $15.43 and its two-hundred day moving average is $14.96. The firm has a market capitalization of $210.57 million, a PE ratio of 9.97 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. LCNB had a return on equity of 8.26% and a net margin of 16.62%.The company had revenue of $22.79 million for the quarter, compared to analyst estimates of $16.80 million. Research analysts anticipate that LCNB will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On LCNB

Institutional investors have recently modified their holdings of the company. MAI Capital Management purchased a new stake in shares of LCNB during the 1st quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its stake in shares of LCNB by 202.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank's stock worth $55,000 after acquiring an additional 2,546 shares in the last quarter. Allworth Financial LP boosted its stake in shares of LCNB by 100.0% during the 1st quarter. Allworth Financial LP now owns 6,570 shares of the bank's stock worth $95,000 after acquiring an additional 3,285 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of LCNB during the 2nd quarter worth approximately $154,000. Finally, Jane Street Group LLC purchased a new stake in shares of LCNB during the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors 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.

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