LCNB (NASDAQ:LCNB) Upgraded at StockNews.com

LCNB (NASDAQ:LCNB) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

LCNB Trading Down 0.6 %

NASDAQ:LCNB traded down $0.08 during midday trading on Friday, reaching $13.90. 11,576 shares of the stock traded hands, compared to its average volume of 27,648. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.90 and a current ratio of 0.94. The company has a fifty day moving average of $14.00 and a 200 day moving average of $14.44. The stock has a market capitalization of $196.59 million, a P/E ratio of 15.11 and a beta of 0.76. LCNB has a 12 month low of $12.42 and a 12 month high of $17.23.

Hedge Funds Weigh In On LCNB

A number of institutional investors and hedge funds have recently made changes to their positions in LCNB. Private Wealth Strategies L.L.C. raised its position in shares of LCNB by 2.7% during the fourth quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock valued at $492,000 after buying an additional 819 shares during the last quarter. Rhumbline Advisers raised its holdings in LCNB by 10.4% in the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after purchasing an additional 1,207 shares in the last quarter. Cutter & CO Brokerage Inc. increased its holdings in shares of LCNB by 12.6% during the second quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,772 shares in the last quarter. BNP Paribas Financial Markets boosted its position in LCNB by 70.6% in the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock valued at $90,000 after buying an additional 2,329 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in LCNB by 8.1% in the 1st quarter. Empowered Funds LLC now owns 49,232 shares of the bank’s stock worth $785,000 after purchasing an additional 3,675 shares in the last quarter. Hedge funds and other institutional investors own 34.73% of the company’s stock.

LCNB Company Profile

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.