LCNB (NASDAQ:LCNB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “LCNB Corp. is a financial holding company. The Company, through its subsidiaries, LCNB National Bank and Dakin Insurance Agency, Inc., is engaged in the commercial banking and insurance agency businesses. Headquartered in Lebanon, Ohio, the Bank is a full service community bank offering a range of commercial and personal banking services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers’ checks, money orders, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products. “

Separately, ValuEngine downgraded shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th.

LCNB stock opened at $17.95 on Tuesday. LCNB has a 52 week low of $14.56 and a 52 week high of $20.65. The company has a market cap of $240.35 million, a P/E ratio of 12.91 and a beta of 0.55. The stock’s 50-day moving average is $17.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. LCNB had a net margin of 22.58% and a return on equity of 8.26%. The firm had revenue of $16.16 million for the quarter, compared to analyst estimates of $16.19 million. As a group, sell-side analysts anticipate that LCNB will post 1.56 EPS for the current year.

In other LCNB news, insider John F. Smiley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $17.12, for a total transaction of $85,600.00. Following the sale, the insider now directly owns 116,435 shares in the company, valued at approximately $1,993,367.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John F. Smiley sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the sale, the insider now owns 128,212 shares in the company, valued at $2,179,604. The disclosure for this sale can be found here. Insiders sold a total of 25,653 shares of company stock worth $438,101 over the last quarter. 6.45% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Castine Capital Management LLC raised its holdings in LCNB by 1.7% during the 1st quarter. Castine Capital Management LLC now owns 382,687 shares of the bank’s stock worth $6,563,000 after buying an additional 6,474 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in LCNB by 49.9% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 210,800 shares of the bank’s stock worth $3,615,000 after buying an additional 70,181 shares during the period. Martingale Asset Management L P raised its holdings in LCNB by 39.2% during the 1st quarter. Martingale Asset Management L P now owns 60,416 shares of the bank’s stock worth $1,037,000 after buying an additional 17,002 shares during the period. Cornerstone Advisory LLC acquired a new stake in LCNB during the 1st quarter worth approximately $851,000. Finally, FineMark National Bank & Trust acquired a new stake in LCNB during the 1st quarter worth approximately $205,000. Hedge funds and other institutional investors own 33.64% of the company’s stock.

LCNB Company Profile

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's 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.

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