Wall Street Zen Downgrades LCNB (NASDAQ:LCNB) to Hold

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

LCNB Stock Up 1.6%

Shares of NASDAQ LCNB traded up $0.24 during trading on Monday, reaching $15.43. The company had a trading volume of 26,610 shares, compared to its average volume of 21,299. LCNB has a 12-month low of $13.24 and a 12-month high of $17.92. The stock has a market cap of $218.64 million, a PE ratio of 13.42 and a beta of 0.60. The business's 50-day moving average is $14.71 and its 200 day moving average is $14.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40.

LCNB (NASDAQ:LCNB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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. As a group, equities analysts forecast that LCNB will post 1.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. MAI Capital Management bought a new position in shares of LCNB in the first quarter worth about $32,000. Tower Research Capital LLC TRC raised its stake in shares of LCNB by 240.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank's stock worth $47,000 after buying an additional 2,205 shares during the period. Allworth Financial LP raised its stake 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 bought a new position in shares of LCNB in the first quarter worth about $206,000. Finally, Nuveen LLC bought a new position in shares of LCNB in the first quarter worth about $228,000. 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.