LCNB (NASDAQ:LCNB) Upgraded at Zacks Research

Zacks Research upgraded shares of LCNB (NASDAQ:LCNB) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Weiss Ratings upgraded LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

LCNB Stock Down 0.1%

Shares of NASDAQ LCNB opened at $19.55 on Tuesday. The company has a 50 day simple moving average of $17.41 and a 200-day simple moving average of $16.92. The company has a market capitalization of $278.59 million, a P/E ratio of 11.30 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. LCNB has a 1 year low of $14.11 and a 1 year high of $20.62.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Thursday, July 16th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. LCNB had a net margin of 19.69% and a return on equity of 8.98%. The firm had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. On average, equities research analysts predict that LCNB will post 1.73 earnings per share for the current year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 4.5%. LCNB’s dividend payout ratio (DPR) is presently 50.87%.

Institutional Investors Weigh In On LCNB

Large investors have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co boosted its position in LCNB by 57.7% in the 4th 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 grew its stake in shares of LCNB by 182.7% in the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock worth $54,000 after acquiring an additional 2,328 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of LCNB by 202.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock worth $55,000 after acquiring an additional 2,546 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of LCNB during the fourth quarter worth $146,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of LCNB during the fourth quarter worth $171,000. 34.73% of the stock is owned by hedge funds and other 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.