LCNB (NASDAQ:LCNB) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of LCNB (NASDAQ:LCNB – Get Rating) in a research report released on Thursday morning. The brokerage issued a buy rating on the bank’s stock.

Separately, Janney Montgomery Scott assumed coverage on LCNB in a report on Wednesday, November 30th. They set a neutral rating and a $19.00 price target for the company.

LCNB Stock Down 0.5 %

Shares of NASDAQ:LCNB traded down $0.09 during midday trading on Thursday, hitting $16.60. 26,750 shares of the company’s stock were exchanged, compared to its average volume of 21,627. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.84. LCNB has a 12 month low of $14.73 and a 12 month high of $19.10. The company has a market cap of $186.92 million, a PE ratio of 8.60 and a beta of 0.70. The stock has a 50 day moving average price of $18.07 and a 200-day moving average price of $17.37.

LCNB (NASDAQ:LCNB – Get Rating) last released its quarterly earnings results on Friday, January 27th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $19.84 million during the quarter, compared to the consensus estimate of $19.10 million. LCNB had a return on equity of 10.98% and a net margin of 27.65%. On average, sell-side analysts anticipate that LCNB will post 2 EPS for the current fiscal year.

LCNB Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 5.06%. LCNB’s dividend payout ratio is currently 43.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. rhino investment partners Inc bought a new position in shares of LCNB during the 4th quarter worth approximately $1,395,000. Kapstone Financial Advisors LLC purchased a new stake in shares of LCNB during the fourth quarter valued at approximately $1,771,000. Morgan Stanley lifted its holdings in LCNB by 15.9% during the fourth quarter. Morgan Stanley now owns 56,900 shares of the bank’s stock worth $1,024,000 after acquiring an additional 7,825 shares during the period. Man Group plc purchased a new position in LCNB in the fourth quarter worth $374,000. Finally, Susquehanna International Group LLP bought a new position in LCNB in the 4th quarter valued at $504,000. 32.93% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Company Profile

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LCNB Corp. is a financial holding company, which offers commercial and personal banking services. It offers services such as checking rates, 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.