Lnb Bancorp’s “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods (LNBB)
Lnb Bancorp (NASDAQ:LNBB)‘s stock had its “market perform” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a report issued on Friday. They currently have a $12.00 price target on the stock, up from their previous price target of $11.50. Keefe, Bruyette & Woods’ price objective points to a potential downside of 4.08% from the stock’s previous close.
Lnb Bancorp (NASDAQ:LNBB) opened at 12.51 on Friday. Lnb Bancorp has a 1-year low of $8.87 and a 1-year high of $12.60. The stock’s 50-day moving average is $12.07 and its 200-day moving average is $11.29. The company has a market cap of $120.9 million and a price-to-earnings ratio of 17.94.
Lnb Bancorp (NASDAQ:LNBB) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Analysts expect that Lnb Bancorp will post $0.80 EPS for the current fiscal year.
In other Lnb Bancorp news, Director James R. Herrick purchased 16,084 shares of Lnb Bancorp stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average cost of $12.00 per share, with a total value of $193,008.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LNB Bancorp, Inc is a diversified banking services company. The Company engages in lending and depository services, investment and brokerage services, and other traditional banking services.
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