LCNB (NASDAQ:LCNB) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded LCNB from “hold” to “buy,” while Zacks Research raised its rating to “strong buy.” MarketBeat reports an average analyst rating of “Strong Buy.”
• LCNB’s latest quarterly results exceeded expectations, with earnings per share of $0.53 versus the $0.44 consensus and revenue of $25.14 million compared with the $24.00 million estimate.
• LCNB shares opened at $19.87, with a market capitalization of approximately $283 million and a P/E ratio of 11.49; institutional investors and hedge funds own 34.73% of the stock.

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

Several other equities analysts have also commented on LCNB. Zacks Research raised shares of LCNB from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of LCNB from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Strong Buy".

LCNB Trading Down 0.7%

Shares of NASDAQ:LCNB opened at $19.87 on Friday. The business's 50-day moving average is $18.22 and its 200 day moving average is $17.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. LCNB has a 1 year low of $14.31 and a 1 year high of $21.32. The firm has a market capitalization of $283.15 million, a P/E ratio of 11.49 and a beta of 0.56.

LCNB (NASDAQ:LCNB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.98% and a net margin of 19.69%.The business had revenue of $25.14 million during the quarter, compared to the consensus estimate of $24.00 million. On average, research analysts predict that LCNB will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LCNB

Institutional investors and hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co grew its holdings in LCNB by 57.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank's stock worth $27,000 after acquiring an additional 603 shares during the period. BNP Paribas Financial Markets raised its position in LCNB by 182.7% during the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank's stock valued at $54,000 after acquiring an additional 2,328 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in LCNB by 202.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank's stock valued at $55,000 after acquiring an additional 2,546 shares during the period. Los Angeles Capital Management LLC acquired a new position in LCNB in the fourth quarter valued at approximately $146,000. Finally, Quadrature Capital Ltd purchased a new stake in LCNB in the 4th quarter worth approximately $171,000. Institutional investors and hedge funds own 34.73% of the company's stock.

About LCNB

LCNB Financial Corp NASDAQ: LCNB is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.

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