LCNB (NASDAQ:LCNB) was upgraded by research analysts at Boenning Scattergood from a “neutral” rating to an “outperform” rating in a report released on Tuesday, AnalystRatings.net reports. The firm currently has a $17.50 target price on the bank’s stock. Boenning Scattergood’s target price points to a potential upside of 13.34% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of LCNB from a “sell” rating to a “hold” rating in a report on Wednesday, December 30th.
Shares of NASDAQ LCNB opened at $15.44 on Tuesday. The company’s fifty day moving average is $14.96 and its 200-day moving average is $14.48. The stock has a market cap of $198.85 million, a price-to-earnings ratio of 10.43 and a beta of 0.90. LCNB has a twelve month low of $10.03 and a twelve month high of $18.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.13.
LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Tuesday, October 20th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. LCNB had a net margin of 22.10% and a return on equity of 8.18%. The business had revenue of $17.81 million for the quarter, compared to analyst estimates of $17.50 million. On average, research analysts anticipate that LCNB will post 1.45 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in LCNB. BNP Paribas Arbitrage SA boosted its stake in shares of LCNB by 549.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,073 shares of the bank’s stock valued at $42,000 after purchasing an additional 2,600 shares during the last quarter. Allworth Financial LP increased its position in LCNB by 24.7% during the 3rd quarter. Allworth Financial LP now owns 5,375 shares of the bank’s stock valued at $73,000 after purchasing an additional 1,065 shares during the period. Bank of America Corp DE increased its position in LCNB by 44.1% during the 2nd quarter. Bank of America Corp DE now owns 8,305 shares of the bank’s stock valued at $133,000 after purchasing an additional 2,542 shares during the period. GSA Capital Partners LLP purchased a new position in LCNB during the 3rd quarter valued at $196,000. Finally, Zebra Capital Management LLC boosted its holdings in shares of LCNB by 62.9% during the 3rd quarter. Zebra Capital Management LLC now owns 22,057 shares of the bank’s stock valued at $301,000 after buying an additional 8,519 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company’s stock.
LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.
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