LCNB (NASDAQ:LCNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LCNB (NASDAQ:LCNB) from a hold rating to a buy rating in a research note issued to investors on Sunday,Wall Street Zen reports.

Several other analysts have also recently weighed in on the stock. Zacks Research raised shares of LCNB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, LCNB currently has a consensus rating of “Strong Buy”.

LCNB Price Performance

Shares of NASDAQ LCNB opened at $18.97 on Friday. The stock’s 50-day moving average is $19.27 and its two-hundred day moving average is $17.54. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. LCNB has a 1-year low of $14.31 and a 1-year high of $21.32. The company has a market cap of $270.51 million, a price-to-earnings ratio of 10.97 and a beta of 0.55.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The company had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. Analysts forecast that LCNB will post 1.73 EPS for the current fiscal year.

LCNB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 1st. LCNB’s dividend payout ratio is 50.87%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LCNB. BlackRock Inc. purchased a new position in shares of LCNB in the 2nd quarter valued at $16,885,000. Dimensional Fund Advisors LP boosted its stake in LCNB by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock valued at $8,162,000 after acquiring an additional 28,883 shares in the last quarter. Lcnb Corp boosted its stake in LCNB by 0.9% in the fourth quarter. Lcnb Corp now owns 506,663 shares of the bank’s stock valued at $8,304,000 after acquiring an additional 4,675 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of LCNB by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock worth $5,402,000 after purchasing an additional 1,171 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of LCNB by 0.3% during the fourth quarter. State Street Corp now owns 180,882 shares of the bank’s stock worth $2,965,000 after purchasing an additional 623 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

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.