LCNB (NASDAQ:LCNB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of LCNB (NASDAQ:LCNB - Free Report) from a hold rating to a buy rating in a report issued on Tuesday.

LCNB Trading Down 2.0%

LCNB traded down $0.32 during trading on Tuesday, hitting $15.06. 13,200 shares of the stock traded hands, compared to its average volume of 21,035. The firm has a market capitalization of $213.33 million, a P/E ratio of 13.09 and a beta of 0.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50-day moving average of $14.77 and a 200 day moving average of $14.80. LCNB has a 12-month low of $13.24 and a 12-month high of $17.92.

LCNB (NASDAQ:LCNB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). LCNB had a return on equity of 7.68% and a net margin of 12.72%. The company had revenue of $21.52 million during the quarter, compared to analysts' expectations of $15.80 million. Equities research analysts anticipate that LCNB will post 1.65 EPS for the current year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.22 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.88 annualized dividend and a dividend yield of 5.85%. LCNB's payout ratio is 76.52%.

Institutional Trading of LCNB

A number of institutional investors and hedge funds have recently bought and sold shares of LCNB. Bank of New York Mellon Corp increased its stake in LCNB by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank's stock valued at $776,000 after purchasing an additional 1,773 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in LCNB by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,803 shares of the bank's stock valued at $527,000 after purchasing an additional 750 shares in the last quarter. Raymond James Financial Inc. bought a new stake in LCNB during the 4th quarter valued at about $330,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in LCNB by 56.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,687 shares of the bank's stock valued at $600,000 after purchasing an additional 14,274 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in LCNB during the 4th quarter valued at about $484,000. 34.73% of the stock is currently owned by institutional investors.

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.