StockNews.com Downgrades LCNB (NASDAQ:LCNB) to Sell

LCNB (NASDAQ:LCNB) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

LCNB Price Performance

Shares of LCNB stock remained flat at $15.48 during trading hours on Tuesday. 18,131 shares of the stock were exchanged, compared to its average volume of 26,293. The business has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $14.49. LCNB has a 12 month low of $12.42 and a 12 month high of $17.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.93. The firm has a market cap of $219.04 million, a P/E ratio of 16.83 and a beta of 0.76.

LCNB (NASDAQ:LCNB) last released its earnings results on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. LCNB had a net margin of 5.97% and a return on equity of 6.55%. The firm had revenue of $19.30 million during the quarter, compared to analyst estimates of $18.50 million. On average, research analysts anticipate that LCNB will post 1 earnings per share for the current year.

Institutional Investors Weigh In On LCNB

Several institutional investors have recently added to or reduced their stakes in the stock. Private Wealth Strategies L.L.C. boosted its holdings in LCNB by 2.7% during the fourth quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock worth $492,000 after purchasing an additional 819 shares during the last quarter. Rhumbline Advisers boosted its position in shares of LCNB by 10.4% in the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock valued at $179,000 after acquiring an additional 1,207 shares during the period. Cutter & CO Brokerage Inc. grew its position in shares of LCNB by 12.6% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock worth $220,000 after purchasing an additional 1,772 shares in the last quarter. BNP Paribas Financial Markets increased its stake in LCNB by 70.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock worth $90,000 after acquiring an additional 2,329 shares during the period. Finally, Empowered Funds LLC raised its stake in LCNB by 8.1% in the first quarter. Empowered Funds LLC now owns 49,232 shares of the bank’s stock valued at $785,000 after purchasing an additional 3,675 shares in the last quarter. 34.73% of the stock is owned by institutional investors.

LCNB Company Profile

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.