LCNB (NASDAQ:LCNB) Raised to Buy at StockNews.com

LCNB (NASDAQ:LCNB) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Separately, Hovde Group assumed coverage on LCNB in a research note on Friday, December 20th. They issued a “market perform” rating and a $16.25 price target for the company.

LCNB Stock Up 2.4 %

Shares of LCNB stock opened at $15.75 on Monday. LCNB has a 1 year low of $12.42 and a 1 year high of $17.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The stock has a market cap of $222.23 million, a price-to-earnings ratio of 16.24 and a beta of 0.78. The firm’s 50-day moving average is $15.70 and its two-hundred day moving average is $15.48.

LCNB (NASDAQ:LCNB) last announced its earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. As a group, research analysts expect that LCNB will post 1.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in LCNB in the 3rd quarter worth about $50,000. JPMorgan Chase & Co. boosted its stake in shares of LCNB by 268.9% in the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock worth $308,000 after acquiring an additional 14,904 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of LCNB by 117.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank’s stock worth $383,000 after acquiring an additional 13,716 shares during the last quarter. Baker Ellis Asset Management LLC increased its position in shares of LCNB by 23.6% during the fourth quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock worth $396,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Barclays PLC raised its stake in LCNB by 79.3% in the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock valued at $419,000 after purchasing an additional 12,322 shares during the last quarter. Hedge funds and other institutional investors own 34.73% of the company’s stock.

LCNB Company Profile

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.