Baker Ellis Asset Management LLC Has $209,000 Stock Position in LCNB Corp. (NASDAQ:LCNB)

Baker Ellis Asset Management LLC grew its holdings in shares of LCNB Corp. (NASDAQ:LCNB) by 36.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,000 shares of the bank’s stock after buying an additional 4,000 shares during the period. Baker Ellis Asset Management LLC’s holdings in LCNB were worth $209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LCNB. Lcnb Corp increased its stake in LCNB by 1.8% during the 1st quarter. Lcnb Corp now owns 503,402 shares of the bank’s stock valued at $8,024,000 after purchasing an additional 9,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in LCNB by 43.2% during the first quarter. Vanguard Group Inc. now owns 766,198 shares of the bank’s stock valued at $12,213,000 after purchasing an additional 231,035 shares during the last quarter. Empowered Funds LLC boosted its position in LCNB by 8.1% during the first quarter. Empowered Funds LLC now owns 49,232 shares of the bank’s stock worth $785,000 after purchasing an additional 3,675 shares during the period. BNP Paribas Financial Markets increased its stake in shares of LCNB by 70.6% in the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock worth $90,000 after purchasing an additional 2,329 shares in the last quarter. Finally, Private Wealth Strategies L.L.C. raised its position in shares of LCNB by 2.7% in the fourth quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock valued at $492,000 after purchasing an additional 819 shares during the period. 34.73% of the stock is owned by institutional investors.

LCNB Stock Performance

LCNB traded down $0.04 on Wednesday, hitting $13.47. The company’s stock had a trading volume of 8,403 shares, compared to its average volume of 27,648. LCNB Corp. has a 12 month low of $12.42 and a 12 month high of $17.25. The firm has a market cap of $190.47 million, a P/E ratio of 14.68 and a beta of 0.76. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.70. The company’s 50 day simple moving average is $14.01 and its 200-day simple moving average is $14.45.

LCNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date was Monday, June 3rd. LCNB’s payout ratio is 95.65%.

LCNB 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.