Wall Street Zen upgraded shares of LCNB (NASDAQ:LCNB - Free Report) from a hold rating to a buy rating in a report released on Friday morning.
LCNB Stock Performance
Shares of LCNB stock remained flat at $14.22 during trading hours on Friday. The stock had a trading volume of 11,583 shares, compared to its average volume of 22,732. The stock has a 50-day moving average price of $14.54 and a 200 day moving average price of $15.20. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.92. The firm has a market cap of $201.45 million, a P/E ratio of 14.66 and a beta of 0.64. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61.
LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.76% and a return on equity of 7.12%. The business had revenue of $21.52 million during the quarter, compared to analysts' expectations of $15.80 million. As a group, research analysts anticipate that LCNB will post 1.65 earnings per share for the current year.
LCNB Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 annualized dividend and a dividend yield of 6.19%. LCNB's dividend payout ratio (DPR) is 76.52%.
Institutional Investors Weigh In On LCNB
Large investors have recently made changes to their positions in the company. MAI Capital Management bought a new stake in shares of LCNB in the first quarter worth about $32,000. Tower Research Capital LLC TRC increased its stake in LCNB by 240.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank's stock worth $47,000 after acquiring an additional 2,205 shares during the last quarter. Allworth Financial LP increased its stake in LCNB by 100.0% during the first quarter. Allworth Financial LP now owns 6,570 shares of the bank's stock worth $95,000 after acquiring an additional 3,285 shares during the last quarter. NewEdge Advisors LLC bought a new stake in LCNB during the first quarter worth approximately $206,000. Finally, Nuveen LLC bought a new stake in LCNB during the first quarter worth approximately $228,000. 34.73% of the stock is owned by institutional investors.
About LCNB
(
Get Free Report)
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.
Featured Stories
Before you consider LCNB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LCNB wasn't on the list.
While LCNB currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
