ValuEngine upgraded shares of LCNB (NASDAQ:LCNB) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

LCNB has been the topic of a number of other research reports. Zacks Investment Research raised shares of LCNB from a sell rating to a hold rating in a research report on Tuesday, November 28th. Boenning Scattergood reaffirmed a hold rating on shares of LCNB in a research report on Thursday, October 19th.

LCNB (LCNB) traded down $0.50 during midday trading on Tuesday, reaching $21.10. 4,400 shares of the company’s stock were exchanged, compared to its average volume of 13,531. LCNB has a 52 week low of $18.05 and a 52 week high of $24.70. The firm has a market capitalization of $216.41, a PE ratio of 16.61 and a beta of 0.41.

LCNB (NASDAQ:LCNB) last posted its earnings results on Wednesday, October 18th. The bank reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. LCNB had a net margin of 23.84% and a return on equity of 8.88%. The company had revenue of $12.81 million for the quarter, compared to analysts’ expectations of $13.05 million. sell-side analysts expect that LCNB will post 1.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.03%. LCNB’s dividend payout ratio is presently 49.23%.

In other news, Chairman Stephen P. Wilson sold 2,000 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $21.08, for a total transaction of $42,160.00. Following the sale, the chairman now owns 63,093 shares of the company’s stock, valued at $1,330,000.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Stephen P. Wilson sold 1,800 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $21.56, for a total transaction of $38,808.00. Following the sale, the chairman now directly owns 60,293 shares in the company, valued at approximately $1,299,917.08. The disclosure for this sale can be found here. Insiders have sold 4,800 shares of company stock worth $102,278 in the last three months. Corporate insiders own 4.16% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in LCNB by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 41,286 shares of the bank’s stock valued at $825,000 after acquiring an additional 612 shares in the last quarter. Teachers Advisors LLC raised its holdings in LCNB by 6.6% in the second quarter. Teachers Advisors LLC now owns 16,342 shares of the bank’s stock valued at $327,000 after acquiring an additional 1,016 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in LCNB by 5.0% in the second quarter. TIAA CREF Investment Management LLC now owns 26,414 shares of the bank’s stock valued at $528,000 after acquiring an additional 1,262 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in LCNB by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 21,966 shares of the bank’s stock valued at $524,000 after acquiring an additional 1,867 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in LCNB by 18.2% in the second quarter. Ameriprise Financial Inc. now owns 14,736 shares of the bank’s stock valued at $295,000 after acquiring an additional 2,269 shares in the last quarter. 37.36% of the stock is currently owned by institutional investors and hedge funds.

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About LCNB

LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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