BidaskClub upgraded shares of LCNB (NASDAQ:LCNB) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

LCNB has been the topic of several other reports. Zacks Investment Research raised shares of LCNB from a sell rating to a hold rating in a research report on Wednesday, June 13th. ValuEngine raised shares of LCNB from a sell rating to a hold rating in a research report on Monday, June 18th. Finally, Boenning Scattergood reissued a hold rating on shares of LCNB in a research report on Tuesday, July 31st.

LCNB stock opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $252.70 million, a price-to-earnings ratio of 14.72 and a beta of 0.29. LCNB has a one year low of $17.93 and a one year high of $22.84.

LCNB (NASDAQ:LCNB) last posted its earnings results on Friday, July 20th. The bank reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The business had revenue of $14.16 million for the quarter, compared to analyst estimates of $14.45 million. LCNB had a return on equity of 8.04% and a net margin of 19.98%. sell-side analysts predict that LCNB will post 1.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, August 31st. LCNB’s payout ratio is 50.39%.

A number of institutional investors have recently bought and sold shares of LCNB. SG Americas Securities LLC acquired a new stake in shares of LCNB in the first quarter valued at about $122,000. Dimensional Fund Advisors LP grew its position in shares of LCNB by 41.1% in the first quarter. Dimensional Fund Advisors LP now owns 129,016 shares of the bank’s stock valued at $2,451,000 after purchasing an additional 37,612 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of LCNB in the first quarter valued at about $547,000. Bessemer Group Inc. grew its position in shares of LCNB by 92.9% in the second quarter. Bessemer Group Inc. now owns 8,100 shares of the bank’s stock valued at $160,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Strs Ohio grew its position in shares of LCNB by 23.4% in the second quarter. Strs Ohio now owns 19,500 shares of the bank’s stock valued at $384,000 after purchasing an additional 3,700 shares during the last quarter. 28.26% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Company Profile

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

Further Reading: Price to Earnings Ratio (PE) Basics

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