Zacks Investment Research upgrades LCNB (NASDAQ: LCNB) to “Hold”

LCNB (NASDAQ: LCNB) was upgraded by Zacks Investment Research from a “sell” rating to a “conservation” rating in a research report released Thursday, Zacks.com reports.

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 business of commercial banking and insurance agency. Based in Lebanon, Ohio, The Bank is a full-service community bank providing a range of business and personal banking services, in addition, the company provides safes, overnight deposits, US savings bonds. , traveller’s checks, money orders, cashier’s checks, banks by mail, automated teller machines (ABMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, bill collection utilities, notarial services, personal computer cash management services, telephone banking and Internet banking services for individuals and businesses. , LCNB, through its subsidiary Dakin Insurance Agency, Inc., operates as an insurance agency. annuity products and annuity products. “

LCNB shares opened at $ 19.19 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt ratio of 0.06. The LCNB has a twelve month minimum of $ 14.07 and a twelve month maximum of $ 20.69. The company has a market cap of $ 272.69 million, a P / E ratio of 11.63 and a beta of 0.79. The company’s 50-day moving average is $ 18.63.

The LCNB (NASDAQ: LCNB) last released its results on Thursday, October 21. The bank reported earnings per share of $ 0.39 for the quarter, missing the consensus estimate of $ 0.43 by Thomson Reuters ($ 0.04). LCNB had a net margin of 27.00% and a return on equity of 8.80%. The company posted revenue of $ 18.18 million for the quarter, compared to analysts’ expectations of $ 18.70 million. As a group, equity research analysts predict the LCNB will post earnings per share of 1.58 for the current fiscal year.

(A d)

It could be the highest grossing event in crypto history. And that only happens once. If you miss it, there is no second chance.

Hedge funds have recently increased or reduced their stakes in the company. Two Sigma Advisers LP acquired a new position in LCNB shares in Q3 valued at $ 495,000. Two Sigma Investments LP acquired a new equity interest in LCNB in ​​the third quarter valued at approximately $ 209,000. Dimensional Fund Advisors LP increased its position in LCNB stocks by 8.0% in the third quarter. Dimensional Fund Advisors LP now owns 379,475 shares of the bank valued at $ 6,694,000 after purchasing an additional 28,052 shares in the last quarter. Creative Planning purchased a new equity stake in LCNB in ​​the third quarter valued at approximately $ 6,654,000. Finally, Barclays PLC increased its equity stake in LCNB by 45.1% in the third quarter. Barclays PLC now owns 8,643 shares of the bank valued at $ 151,000 after purchasing an additional 2,687 shares during the period. 42.46% of the shares are currently held by institutional investors and hedge funds.

About LCNB

LCNB Corp. is a financial holding company that provides commercial and personal banking services. It offers services such as rate checking, debit card resources, electronic banking, fraud and identity theft, education and awareness. The company was founded in December 1998 and is headquartered in Lebanon, OH.

Recommended Story: What Is A Reverse Stock Split?

Get a Free Copy of Zacks’ LCNB Research Report (LCNB)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in the LCNB now?

Before you consider LCNB, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and the LCNB was not on the list.

While the LCNB currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Source link