LCNB (NASDAQ:LCNB) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of LCNB (NASDAQ:LCNB) from a hold rating to a strong-buy rating in a research report released 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 given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

LCNB Stock Performance

LCNB stock opened at $19.57 on Tuesday. LCNB has a twelve month low of $14.11 and a twelve month high of $20.62. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $17.34 and its 200-day moving average price is $16.90. The company has a market cap of $278.87 million, a PE ratio of 11.31 and a beta of 0.58.

LCNB (NASDAQ:LCNB) last announced its earnings results on Thursday, July 16th. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. LCNB had a return on equity of 8.98% and a net margin of 19.69%.The firm had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.00 million. On average, equities research analysts forecast that LCNB will post 1.73 EPS for the current fiscal year.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, June 1st. LCNB’s payout ratio is 50.87%.

Hedge Funds Weigh In On LCNB

Large investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of 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 in the last quarter. BNP Paribas Financial Markets lifted its position in LCNB by 182.7% during the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock valued at $54,000 after acquiring an additional 2,328 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in LCNB by 202.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock valued at $55,000 after acquiring an additional 2,546 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in LCNB in the fourth quarter valued at approximately $146,000. Finally, Quadrature Capital Ltd acquired a new stake in LCNB in the fourth quarter valued at approximately $171,000. 34.73% of the stock is currently owned by institutional investors.

About LCNB

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.