LCNB (NASDAQ:LCNB) Now Covered by Hovde Group

Analysts at Hovde Group initiated coverage on shares of LCNB (NASDAQ:LCNB) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage set a “market perform” rating and a $16.25 price target on the bank’s stock. Hovde Group’s target price would suggest a potential upside of 3.44% from the company’s previous close.

Separately, StockNews.com upgraded shares of LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th.

LCNB Stock Performance

Shares of LCNB stock opened at $15.71 on Friday. LCNB has a 1-year low of $12.42 and a 1-year high of $17.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The stock has a market cap of $221.67 million, a P/E ratio of 30.80 and a beta of 0.77. The stock’s 50 day simple moving average is $16.40 and its 200-day simple moving average is $15.15.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $32.81 million for the quarter, compared to analyst estimates of $21.30 million. LCNB had a net margin of 5.88% and a return on equity of 6.39%. Analysts predict that LCNB will post 1.09 EPS for the current fiscal year.

Institutional Trading of LCNB

Institutional investors and hedge funds have recently bought and sold shares of the business. Kimelman & Baird LLC purchased a new position in LCNB in the 2nd quarter valued at approximately $160,000. Cutter & CO Brokerage Inc. raised its stake in shares of LCNB by 12.6% in the second quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,772 shares in the last quarter. Souders Financial Advisors purchased a new position in LCNB in the second quarter valued at $231,000. Rhumbline Advisers boosted its holdings in 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 purchasing an additional 1,207 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in LCNB by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank’s stock worth $811,000 after purchasing an additional 5,237 shares in the last quarter. 34.73% of the stock is currently owned by hedge funds and other 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.