Lnb Bancorp Price Target Raised to $8.50 at KBW (LNBB)
Equities researchers at KBW boosted their target price on shares of Lnb Bancorp (NASDAQ: LNBB) from $7.50 to $8.50 in a report issued on Wednesday. The firm currently has a “market perform” rating on the stock.
Lnb Bancorp (NASDAQ: LNBB) traded up 0.83% on Wednesday, hitting $8.46. Lnb Bancorp has a 1-year low of $5.46 and a 1-year high of $8.65. The stock’s 50-day moving average is currently $7.98. The company has a market cap of $67.2 million and a price-to-earnings ratio of 13.75.
Lnb Bancorp (NASDAQ: LNBB) last announced its earnings results on Thursday, January 31st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. Analysts expect that Lnb Bancorp will post $0.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Friday, March 8th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, March 6th.
LNB Bancorp, Inc. is a diversified banking services company. The Company engages in lending and depository services, investment and brokerage services, and other traditional banking services.
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