LCNB (NASDAQ:LCNB) Cut to Hold at Wall Street Zen

LCNB (NASDAQ:LCNB) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

LCNB Stock Down 0.8%

LCNB stock opened at $14.12 on Friday. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $200.08 million, a PE ratio of 12.28 and a beta of 0.60. The business’s 50-day simple moving average is $14.53 and its two-hundred day simple moving average is $14.95.

LCNB (NASDAQ:LCNB) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). LCNB had a return on equity of 7.68% and a net margin of 12.72%. The company had revenue of $21.52 million during the quarter, compared to analysts’ expectations of $15.80 million. Equities analysts anticipate that LCNB will post 1.65 EPS for the current year.

Institutional Trading of LCNB

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in LCNB by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 423,891 shares of the bank’s stock worth $6,413,000 after purchasing an additional 22,315 shares during the period. Johnson Investment Counsel Inc. increased its stake in LCNB by 15.2% during the fourth quarter. Johnson Investment Counsel Inc. now owns 157,783 shares of the bank’s stock worth $2,387,000 after acquiring an additional 20,812 shares during the last quarter. Renaissance Technologies LLC increased its stake in LCNB by 6.5% during the fourth quarter. Renaissance Technologies LLC now owns 122,716 shares of the bank’s stock worth $1,857,000 after acquiring an additional 7,500 shares during the last quarter. Northern Trust Corp boosted its position in shares of LCNB by 4.1% during the fourth quarter. Northern Trust Corp now owns 105,405 shares of the bank’s stock worth $1,595,000 after buying an additional 4,189 shares during the period. Finally, Kapstone Financial Advisors LLC boosted its position in shares of LCNB by 5.3% during the first quarter. Kapstone Financial Advisors LLC now owns 91,505 shares of the bank’s stock worth $1,353,000 after buying an additional 4,598 shares during the period. Hedge funds and other institutional investors own 34.73% of the company’s stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.