LCNB (NASDAQ:LCNB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of LCNB (NASDAQ:LCNB) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other equities research analysts also recently weighed in on LCNB. Zacks Research upgraded LCNB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

LCNB Stock Performance

Shares of LCNB stock opened at $19.87 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. LCNB has a one year low of $14.31 and a one year high of $21.32. The company’s 50-day simple moving average is $18.22 and its 200-day simple moving average is $17.20. The stock has a market capitalization of $283.07 million, a price-to-earnings ratio of 11.49 and a beta of 0.56.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.98% and a net margin of 19.69%.The firm had revenue of $25.14 million during the quarter, compared to analyst estimates of $24.00 million. Equities analysts anticipate that LCNB will post 1.73 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 4.4%. LCNB’s dividend payout ratio is presently 50.87%.

Hedge Funds Weigh In On LCNB

Hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new position in LCNB during the first quarter valued at about $802,000. Kestra Advisory Services LLC bought a new stake in LCNB in the first quarter worth about $455,000. Hsbc Holdings PLC lifted its holdings in LCNB by 28.1% in the 1st quarter. Hsbc Holdings PLC now owns 44,165 shares of the bank’s stock valued at $685,000 after acquiring an additional 9,699 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of LCNB by 43.8% during the 1st quarter. Ritholtz Wealth Management now owns 20,770 shares of the bank’s stock valued at $324,000 after purchasing an additional 6,329 shares in the last quarter. Finally, Maltese Capital Management LLC bought a new position in shares of LCNB during the 4th quarter valued at about $336,000. 34.73% of the stock is currently owned by institutional investors and hedge funds.

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.