LCNB (NASDAQ:LCNB) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of LCNB (NASDAQ:LCNB) from a buy rating to a hold rating in a report published on Wednesday morning.

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

LCNB Trading Down 4.9 %

LCNB stock traded down $0.71 during mid-day trading on Wednesday, hitting $13.70. 2,793 shares of the company’s stock were exchanged, compared to its average volume of 22,944. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.92. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $193.89 million, a P/E ratio of 14.12 and a beta of 0.68. The company’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $15.44.

LCNB (NASDAQ:LCNB) last posted its earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. On average, equities analysts anticipate that LCNB will post 1.65 earnings per share for the current year.

LCNB Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend was Monday, March 3rd. LCNB’s payout ratio is 90.72%.

Institutional Trading of LCNB

Institutional investors and hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new stake in LCNB in the fourth quarter valued at $814,000. Commonwealth Equity Services LLC acquired a new position in shares of LCNB during the 4th quarter worth approximately $484,000. Lido Advisors LLC bought a new stake in LCNB in the 4th quarter valued at $469,000. Hengehold Capital Management LLC lifted its holdings in LCNB by 156.1% during the 4th quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock valued at $636,000 after purchasing an additional 25,637 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in LCNB by 122.4% during the fourth quarter. JPMorgan Chase & Co. now owns 45,477 shares of the bank’s stock worth $688,000 after purchasing an additional 25,031 shares during the period. 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.