LCNB (NASDAQ:LCNB) Raised to Buy at Wall Street Zen

LCNB (NASDAQ:LCNB - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday.

LCNB Stock Performance

Shares of NASDAQ LCNB opened at $14.70 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 50 day simple moving average of $14.59 and a 200-day simple moving average of $14.85. The company has a market cap of $208.30 million, a PE ratio of 12.78 and a beta of 0.60. LCNB has a 12-month low of $13.01 and a 12-month high of $17.92.

LCNB (NASDAQ:LCNB - Get Free Report) last released its earnings results 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%. On average, equities research analysts forecast that LCNB will post 1.65 EPS for the current year.

Institutional Trading of LCNB

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC increased its stake in shares of LCNB by 11.3% in the fourth quarter. Citadel Advisors LLC now owns 40,722 shares of the bank's stock worth $616,000 after acquiring an additional 4,122 shares during the last quarter. Bank of America Corp DE increased its stake in shares of LCNB by 29.0% in the fourth quarter. Bank of America Corp DE now owns 19,131 shares of the bank's stock worth $289,000 after acquiring an additional 4,306 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of LCNB in the fourth quarter worth $484,000. Raymond James Financial Inc. acquired a new position in shares of LCNB in the fourth quarter worth $330,000. Finally, Deutsche Bank AG increased its stake in shares of LCNB by 51.4% in the fourth quarter. Deutsche Bank AG now owns 16,396 shares of the bank's stock worth $248,000 after acquiring an additional 5,565 shares during the last quarter. 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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