Hengehold Capital Management LLC Raises Stock Holdings in LCNB Corp. (NASDAQ:LCNB)

Hengehold Capital Management LLC raised its stake in shares of LCNB Corp. (NASDAQ:LCNB) by 156.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,063 shares of the bank’s stock after purchasing an additional 25,637 shares during the period. Hengehold Capital Management LLC’s holdings in LCNB were worth $636,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of LCNB in the third quarter worth approximately $50,000. Kimelman & Baird LLC acquired a new stake in LCNB during the 2nd quarter worth $160,000. Rhumbline Advisers grew its holdings in shares of LCNB by 10.4% during the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after buying an additional 1,207 shares in the last quarter. Souders Financial Advisors purchased a new position in shares of LCNB in the second quarter worth about $231,000. Finally, JPMorgan Chase & Co. boosted its position in LCNB by 268.9% during the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock worth $308,000 after acquiring an additional 14,904 shares during the last quarter. 34.73% of the stock is currently owned by institutional investors and hedge funds.

LCNB Stock Up 0.3 %

Shares of NASDAQ LCNB opened at $15.09 on Friday. The company has a market capitalization of $212.92 million, a P/E ratio of 29.59 and a beta of 0.79. LCNB Corp. has a 1 year low of $12.42 and a 1 year high of $17.92. The company has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $15.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The business had revenue of $32.81 million during the quarter, compared to analyst estimates of $21.30 million. On average, equities research analysts predict that LCNB Corp. will post 1.09 earnings per share for the current year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Monday, December 2nd. LCNB’s payout ratio is currently 172.55%.

Analysts Set New Price Targets

Separately, Hovde Group initiated coverage on shares of LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 price objective for the company.

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.