|Company name||LNB Bancorp Inc|
|Live stock price||[stckqut]LNBB[/stckqut]|
|P/E compared to competitors||Fair|
|Confident Investor Rating||Fair|
|Target stock price (TWCA growth scenario)||$11.82|
|Target stock price (averages with growth)||$11.73|
|Target stock price (averages with no growth)||$9.21|
|Target stock price (manual assumptions)||$10.21|
The following company description is from Google Finance: http://www.google.com/finance?q=lnbb
LNB Bancorp, Inc. is a diversified banking services company. The Company is engaged in lending and depository services, investment services, and other traditional banking services. These services are generally offered through the Company’s wholly-owned subsidiary, The Lorain National Bank (the Bank). The primary business of the Bank is providing personal, mortgage and commercial banking products, along with investment management and trust services. As of December 31, 2012, the Lorain National Bank operates through 20 retail-banking locations and 28 automated teller machines (ATM’s) in Lorain, Erie, Cuyahoga and Summit counties in the Ohio communities of Lorain, Elyria, Amherst, Avon, Avon Lake, LaGrange, North Ridgeville, Oberlin, Olmsted Township, Vermilion, Westlake and Hudson, as well as a business development office in Cuyahoga County.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in this stock as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.
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