LCNB (NASDAQ:LCNB) Upgraded to Strong-Buy at Zacks Research

LCNB (NASDAQ:LCNB) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings upgraded shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, LCNB has a consensus rating of “Strong Buy”.

LCNB Trading Up 1.1%

NASDAQ LCNB opened at $19.57 on Tuesday. The firm has a market capitalization of $278.87 million, a PE ratio of 11.31 and a beta of 0.58. The business’s 50-day moving average price is $17.34 and its two-hundred day moving average price is $16.90. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. LCNB has a 12 month low of $14.11 and a 12 month high of $20.62.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $25.14 million during the quarter, compared to the consensus estimate of $24.00 million. LCNB had a return on equity of 8.98% and a net margin of 19.69%. On average, analysts expect that LCNB will post 1.73 EPS for the current year.

Institutional Investors Weigh In On LCNB

A number of hedge funds have recently added to or reduced their stakes in LCNB. CANADA LIFE ASSURANCE Co lifted its stake in LCNB by 57.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock valued at $27,000 after buying an additional 603 shares during the period. BNP Paribas Financial Markets increased its stake in shares of LCNB by 182.7% in the 3rd 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 position in shares of LCNB by 202.5% during the 2nd 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 shares of LCNB during the 4th quarter valued at $146,000. Finally, Quadrature Capital Ltd bought a new position in LCNB during the fourth quarter worth $171,000. 34.73% of the stock is currently owned by institutional investors.

LCNB Company Profile

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.