Recent extremely meaningful positive changes in investment behavior have benefitted LCNB Corp (NASDAQ: LCNB): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
LCNB Corp (NASDAQ: LCNB) has recently enjoyed notable positive changes in fundamentals: significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
LCNB is expected to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
LCNB has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. LCNB has a slightly positive Appreciation Score of 65 and a neutral Power Rating of 43, resulting in the Neutral Value Trend Rating.
Recent Price Action
LCNB Corp (NASDAQ: LCNB) stock rose modestly by 0.8% on 8/21/24. The stock closed at $14.72. However, trading volume in this advance was exceptionally low at 23% of normal. Relative to the market the stock has been weak over the last nine months but has risen 5.7% during the last week.
Be the first to comment