Zacks Investment Research upgraded shares of LCNB (NASDAQ:LCNB) from a sell rating to a hold rating in a report published on Tuesday.

According to Zacks, “LCNB Corp. is a financial holding company. The Company, through its subsidiaries, LCNB National Bank and Dakin Insurance Agency, Inc., is engaged in the commercial banking and insurance agency businesses. Headquartered in Lebanon, Ohio, the Bank is a full service community bank offering a range of commercial and personal banking services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers’ checks, money orders, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products. “

LCNB has been the subject of several other research reports. ValuEngine raised shares of LCNB from a sell rating to a hold rating in a research report on Wednesday, August 8th. BidaskClub cut shares of LCNB from a hold rating to a sell rating in a research report on Saturday, August 25th. Finally, Boenning Scattergood reissued a hold rating on shares of LCNB in a research report on Tuesday, July 31st.

Shares of LCNB stock opened at $18.50 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. LCNB has a 52 week low of $17.93 and a 52 week high of $22.84. The company has a market capitalization of $251.37 million, a price-to-earnings ratio of 14.57 and a beta of 0.29.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Friday, July 20th. The bank reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). LCNB had a net margin of 19.98% and a return on equity of 8.04%. The business had revenue of $14.16 million during the quarter, compared to analysts’ expectations of $14.45 million. equities analysts forecast that LCNB will post 1.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.64 annualized dividend and a yield of 3.46%. LCNB’s dividend payout ratio is presently 50.39%.

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of LCNB in the 1st quarter valued at $122,000. Bessemer Group Inc. raised its holdings in shares of LCNB by 92.9% in the 2nd quarter. Bessemer Group Inc. now owns 8,100 shares of the bank’s stock valued at $160,000 after purchasing an additional 3,900 shares in the last quarter. LSV Asset Management acquired a new stake in shares of LCNB in the 2nd quarter valued at $173,000. American Century Companies Inc. acquired a new stake in shares of LCNB in the 2nd quarter valued at $269,000. Finally, Strs Ohio raised its holdings in shares of LCNB by 23.4% in the 2nd quarter. Strs Ohio now owns 19,500 shares of the bank’s stock valued at $384,000 after purchasing an additional 3,700 shares in the last quarter. Institutional investors and hedge funds own 28.26% of the company’s stock.

LCNB Company Profile

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its 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. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

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