LCNB Corporation (NASDAQ:LCNB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

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. “

A number of other equities analysts have also commented on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of LCNB Corporation in a research note on Wednesday, July 19th. ValuEngine lowered shares of LCNB Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

Shares of LCNB Corporation (NASDAQ LCNB) remained flat at $21.20 on Tuesday. The company’s stock had a trading volume of 5,674 shares. The company has a market cap of $212.17 million, a P/E ratio of 16.56 and a beta of 0.39. LCNB Corporation has a 12-month low of $16.55 and a 12-month high of $25.00. The firm’s 50 day moving average is $20.44 and its 200 day moving average is $20.40.

LCNB Corporation (NASDAQ:LCNB) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. LCNB Corporation had a net margin of 23.84% and a return on equity of 8.95%. The firm had revenue of $12.81 million during the quarter, compared to analyst estimates of $13.05 million. Equities research analysts anticipate that LCNB Corporation will post $1.27 EPS for the current year.

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In related news, Chairman Stephen P. Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $21.08, for a total value of $42,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.16% of the company’s stock.

Several large investors have recently modified their holdings of the business. Commonwealth Equity Services Inc boosted its stake in shares of LCNB Corporation by 0.3% during the 3rd quarter. Commonwealth Equity Services Inc now owns 33,671 shares of the bank’s stock valued at $613,000 after buying an additional 101 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of LCNB Corporation by 2.9% during the 1st quarter. Ameriprise Financial Inc. now owns 12,467 shares of the bank’s stock valued at $297,000 after buying an additional 352 shares during the period. American International Group Inc. boosted its stake in shares of LCNB Corporation by 7.2% during the 1st quarter. American International Group Inc. now owns 5,427 shares of the bank’s stock valued at $129,000 after buying an additional 365 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of LCNB Corporation by 4.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 10,824 shares of the bank’s stock valued at $197,000 after buying an additional 500 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of LCNB Corporation by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,286 shares of the bank’s stock valued at $825,000 after buying an additional 612 shares during the period. 37.85% of the stock is owned by institutional investors.

LCNB Corporation Company Profile

LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.

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