LCNB (NASDAQ:LCNB) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of LCNB (NASDAQ:LCNB) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Other analysts have also issued reports about the company. Zacks Research raised LCNB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded LCNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

LCNB Stock Down 0.5%

LCNB stock opened at $19.33 on Friday. The company has a market capitalization of $275.65 million, a PE ratio of 11.17 and a beta of 0.56. LCNB has a 12-month low of $14.31 and a 12-month high of $21.32. The firm’s fifty day moving average is $19.09 and its 200 day moving average is $17.46. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. LCNB had a net margin of 19.69% and a return on equity of 8.92%. The business had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.00 million. As a group, sell-side analysts predict that LCNB will post 1.73 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.88 annualized dividend and a dividend yield of 4.6%. LCNB’s payout ratio is presently 50.87%.

Hedge Funds Weigh In On LCNB

Several large investors have recently added to or reduced their stakes in LCNB. BlackRock Inc. purchased a new position in shares of LCNB during the second quarter valued at approximately $16,885,000. Dimensional Fund Advisors LP lifted its stake in LCNB by 5.8% during the 1st 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 holdings in LCNB by 0.9% during the 4th quarter. Lcnb Corp now owns 506,663 shares of the bank’s stock worth $8,304,000 after acquiring an additional 4,675 shares during the last quarter. Geode Capital Management LLC boosted its holdings in LCNB by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock worth $5,402,000 after acquiring an additional 1,171 shares during the last quarter. Finally, State Street Corp grew its stake in shares of LCNB by 0.3% in the 4th quarter. State Street Corp now owns 180,882 shares of the bank’s stock worth $2,965,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 34.73% of the company’s stock.

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.