LCNB (LCNB) Upgraded to Hold at ValuEngine

LCNB (NASDAQ:LCNB) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, ValuEngine reports.

A number of other research firms have also issued reports on LCNB. Zacks Investment Research lowered shares of LCNB from a “hold” rating to a “sell” rating in a report on Thursday. Boenning Scattergood restated a “hold” rating on shares of LCNB in a report on Thursday, February 7th.

LCNB stock traded up $0.15 on Monday, hitting $17.20. 64,482 shares of the company’s stock traded hands, compared to its average volume of 18,070. LCNB has a 1-year low of $14.56 and a 1-year high of $20.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $228.92 million, a PE ratio of 12.37 and a beta of 0.52.



LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. LCNB had a net margin of 22.58% and a return on equity of 8.26%. The business had revenue of $16.16 million for the quarter, compared to analyst estimates of $16.19 million. As a group, sell-side analysts expect that LCNB will post 1.56 earnings per share for the current year.

In other news, Director William G. Huddle sold 3,495 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $17.10, for a total transaction of $59,764.50. Following the sale, the director now owns 147,400 shares in the company, valued at $2,520,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Huddle sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $17.16, for a total transaction of $102,960.00. Following the sale, the director now owns 147,400 shares in the company, valued at approximately $2,529,384. The disclosure for this sale can be found here. Insiders have sold 37,653 shares of company stock worth $642,313 in the last 90 days. 6.45% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems increased its stake in LCNB by 149.6% in the 4th quarter. Ramsey Quantitative Systems now owns 1,665 shares of the bank’s stock valued at $25,000 after buying an additional 998 shares during the period. BNP Paribas Arbitrage SA increased its stake in LCNB by 492.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock valued at $33,000 after buying an additional 1,609 shares during the period. WealthBridge Capital Management LLC acquired a new position in LCNB in the 1st quarter valued at approximately $118,000. Acadian Asset Management LLC increased its stake in LCNB by 85.7% in the 1st quarter. Acadian Asset Management LLC now owns 10,696 shares of the bank’s stock valued at $184,000 after buying an additional 4,937 shares during the period. Finally, Bessemer Group Inc. increased its stake in LCNB by 51.9% in the 4th quarter. Bessemer Group Inc. now owns 12,300 shares of the bank’s stock valued at $186,000 after buying an additional 4,200 shares during the period. Institutional investors and hedge funds own 31.61% of the company’s stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's 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.

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