Zacks Investment Research lowered shares of LCNB (NASDAQ:LCNB) from a hold rating to a sell rating in a research report released on Wednesday.

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 commercial banking and insurance agency businesses. Headquartered in Lebanon, Ohio, the Bank is a full service community bank offering a range of commercial and personal banking services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers’ checks, money orders, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products. “

LCNB has been the subject of a number of other reports. Boenning Scattergood reaffirmed a hold rating on shares of LCNB in a report on Thursday, April 19th. ValuEngine downgraded shares of LCNB from a buy rating to a hold rating in a report on Friday, February 2nd.

Shares of NASDAQ:LCNB traded up $0.05 during midday trading on Wednesday, reaching $18.65. 6,660 shares of the company’s stock were exchanged, compared to its average volume of 15,934. The company has a market capitalization of $186.49, a price-to-earnings ratio of 14.69 and a beta of 0.29. LCNB has a 12 month low of $18.05 and a 12 month high of $22.84.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Wednesday, April 18th. The bank reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $12.82 million for the quarter, compared to the consensus estimate of $13.14 million. LCNB had a return on equity of 8.60% and a net margin of 22.45%. equities research analysts predict that LCNB will post 1.52 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of LCNB by 1.4% during the 4th quarter. BlackRock Inc. now owns 420,689 shares of the bank’s stock worth $8,603,000 after purchasing an additional 5,640 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of LCNB by 66.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 64,700 shares of the bank’s stock worth $1,355,000 after purchasing an additional 25,921 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of LCNB by 36.4% during the 4th quarter. Bank of New York Mellon Corp now owns 53,967 shares of the bank’s stock worth $1,104,000 after purchasing an additional 14,391 shares in the last quarter. Deutsche Bank AG increased its position in shares of LCNB by 60.8% during the 4th quarter. Deutsche Bank AG now owns 37,431 shares of the bank’s stock worth $764,000 after purchasing an additional 14,152 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of LCNB by 19.2% during the 4th quarter. Wells Fargo & Company MN now owns 23,831 shares of the bank’s stock worth $488,000 after purchasing an additional 3,834 shares in the last quarter. Institutional investors and hedge funds own 37.12% of the company’s stock.

LCNB Company Profile

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its 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. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

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