LCNB (NASDAQ:LCNB - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Monday.
LCNB Stock Up 0.2%
Shares of NASDAQ:LCNB traded up $0.03 during trading on Monday, hitting $15.02. The company's stock had a trading volume of 515 shares, compared to its average volume of 21,151. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. LCNB has a fifty-two week low of $13.15 and a fifty-two week high of $17.92. The stock's 50-day moving average price is $14.69 and its two-hundred day moving average price is $14.79. The company has a market capitalization of $212.76 million, a PE ratio of 13.06 and a beta of 0.60.
LCNB (NASDAQ:LCNB - Get Free Report) last released its quarterly 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 business had revenue of $21.52 million during the quarter, compared to analyst estimates of $15.80 million. As a group, sell-side analysts expect that LCNB will post 1.65 EPS for the current year.
Hedge Funds Weigh In On LCNB
Several institutional investors have recently made changes to their positions in LCNB. MAI Capital Management bought a new position in shares of LCNB during the first quarter valued at approximately $32,000. Tower Research Capital LLC TRC grew its holdings in LCNB by 240.2% in the 4th 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 in the last quarter. Allworth Financial LP grew its holdings in LCNB by 100.0% in the 1st quarter. Allworth Financial LP now owns 6,570 shares of the bank's stock worth $95,000 after buying an additional 3,285 shares in the last quarter. NewEdge Advisors LLC bought a new position in LCNB in the 1st quarter worth approximately $206,000. Finally, Nuveen LLC bought a new position in LCNB in the 1st quarter worth approximately $228,000. 34.73% of the stock is owned by institutional investors.
About LCNB
(
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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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