LCNB (NASDAQ:LCNB) Rating Lowered to Sell at ValuEngine

LCNB (NASDAQ:LCNB) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of LCNB from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th.

Shares of LCNB stock traded down $0.13 during trading on Thursday, hitting $17.64. The company’s stock had a trading volume of 10,206 shares, compared to its average volume of 15,370. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. LCNB has a 52 week low of $14.56 and a 52 week high of $20.65. The stock has a market capitalization of $236.49 million, a PE ratio of 12.69 and a beta of 0.53. The firm’s 50-day moving average is $18.11.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). LCNB had a return on equity of 8.79% and a net margin of 25.08%. The business had revenue of $16.59 million during the quarter, compared to the consensus estimate of $16.67 million. Analysts predict that LCNB will post 1.56 EPS for the current fiscal year.

In other LCNB news, insider John F. Smiley sold 1,384 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $18.26, for a total transaction of $25,271.84. Following the sale, the insider now owns 110,399 shares of the company’s stock, valued at $2,015,885.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John F. Smiley sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the sale, the insider now directly owns 128,212 shares in the company, valued at approximately $2,179,604. The disclosure for this sale can be found here. Insiders have sold 37,512 shares of company stock worth $655,176 in the last ninety days. Insiders own 6.45% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LCNB. BNP Paribas Arbitrage SA boosted its position in LCNB by 492.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,609 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of LCNB during the second quarter valued at about $110,000. FineMark National Bank & Trust acquired a new position in shares of LCNB during the first quarter valued at about $205,000. Millennium Management LLC raised its holdings in shares of LCNB by 71.9% during the fourth quarter. Millennium Management LLC now owns 18,994 shares of the bank’s stock valued at $288,000 after purchasing an additional 7,946 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of LCNB during the second quarter valued at about $394,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

LCNB Company Profile

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.

Featured Story: Exchange-Traded Funds (ETFs)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for LCNB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCNB and related companies with MarketBeat.com's FREE daily email newsletter.