LCNB (NASDAQ:LCNB) Stock Rating Upgraded by StockNews.com

LCNB (NASDAQ:LCNB - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.

Separately, Hovde Group assumed coverage on LCNB in a research report on Friday, December 20th. They set a "market perform" rating and a $16.25 price target on the stock.

LCNB Stock Performance

Shares of NASDAQ:LCNB traded down $0.12 during midday trading on Monday, reaching $15.56. The company had a trading volume of 13,326 shares, compared to its average volume of 18,625. LCNB has a 52-week low of $12.42 and a 52-week high of $17.92. The company's 50 day moving average price is $15.64 and its 200 day moving average price is $15.48. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The stock has a market cap of $219.55 million, a P/E ratio of 16.04 and a beta of 0.78.

LCNB (NASDAQ:LCNB - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. As a group, sell-side analysts anticipate that LCNB will post 1.75 EPS for the current fiscal year.

Institutional Investors Weigh In On LCNB

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of LCNB by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,803 shares of the bank's stock valued at $527,000 after purchasing an additional 750 shares during the period. Bank of New York Mellon Corp grew its holdings in LCNB by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank's stock valued at $776,000 after buying an additional 1,773 shares in the last quarter. State Street Corp increased its position in shares of LCNB by 1.3% during the third quarter. State Street Corp now owns 153,579 shares of the bank's stock valued at $2,314,000 after buying an additional 2,025 shares during the period. Empowered Funds LLC lifted its holdings in shares of LCNB by 5.3% in the third quarter. Empowered Funds LLC now owns 55,826 shares of the bank's stock worth $841,000 after buying an additional 2,814 shares in the last quarter. Finally, Allworth Financial LP bought a new position in shares of LCNB in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 34.73% of the company's stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.