Wall Street Zen Upgrades LCNB (NASDAQ:LCNB) to “Buy”

LCNB (NASDAQ:LCNB) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

LCNB has been the topic of a number of other reports. Zacks Research upgraded shares of LCNB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research note 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 data from MarketBeat.com, LCNB has an average rating of “Strong Buy”.

LCNB Stock Performance

Shares of LCNB opened at $19.87 on Friday. LCNB has a fifty-two week low of $14.31 and a fifty-two week high of $21.32. The business has a 50-day moving average of $18.22 and a 200 day moving average of $17.20. The firm has a market cap of $283.35 million, a P/E ratio of 11.49 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted 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 worth $27,000 after acquiring an additional 603 shares during the last quarter. State Street Corp grew its holdings in shares of LCNB by 0.3% during the 4th quarter. State Street Corp now owns 180,882 shares of the bank’s stock valued at $2,965,000 after purchasing an additional 623 shares during the last quarter. Souders Financial Advisors grew its holdings in shares of LCNB by 4.8% during the 4th quarter. Souders Financial Advisors now owns 17,734 shares of the bank’s stock valued at $291,000 after purchasing an additional 813 shares during the last quarter. LPL Financial LLC raised its position in LCNB by 4.4% in the 4th quarter. LPL Financial LLC now owns 27,904 shares of the bank’s stock worth $457,000 after purchasing an additional 1,167 shares during the period. Finally, Geode Capital Management LLC raised its position in LCNB by 0.4% in the 4th 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 period. 34.73% of the stock is currently owned by hedge funds and other 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.