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

LCNB (NASDAQ:LCNB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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

LCNB Trading Up 3.5 %

Shares of LCNB traded up $0.49 during trading hours on Wednesday, hitting $14.40. The company had a trading volume of 53,310 shares, compared to its average volume of 23,009. LCNB has a 52-week low of $12.42 and a 52-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 stock’s 50 day moving average price is $14.92 and its 200 day moving average price is $15.44. The firm has a market cap of $203.88 million, a P/E ratio of 14.85 and a beta of 0.68.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 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, research analysts predict that LCNB will post 1.65 EPS for the current year.

Institutional Investors Weigh In On LCNB

A number of large investors have recently made changes to their positions in the business. State Street Corp lifted its stake in LCNB by 1.3% in the third quarter. State Street Corp now owns 153,579 shares of the bank’s stock worth $2,314,000 after acquiring an additional 2,025 shares during the period. Barclays PLC lifted its position in shares of LCNB by 79.3% in the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock worth $419,000 after purchasing an additional 12,322 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of LCNB during the 4th quarter valued at about $484,000. JPMorgan Chase & Co. increased its position in shares of LCNB by 268.9% during the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after buying an additional 14,904 shares during the period. Finally, Hengehold Capital Management LLC raised its stake in LCNB by 156.1% in the fourth quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock worth $636,000 after buying an additional 25,637 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors.

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.