48,522 Shares in LCNB Corporation $LCNB Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in LCNB Corporation (NASDAQ:LCNB) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 48,522 shares of the bank’s stock, valued at approximately $849,000.

A number of other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of LCNB during the first quarter worth about $206,000. Goldman Sachs Group Inc. raised its position in LCNB by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank’s stock valued at $574,000 after buying an additional 1,851 shares during the last quarter. Empowered Funds LLC lifted its stake in LCNB by 7.0% in the 1st quarter. Empowered Funds LLC now owns 52,377 shares of the bank’s stock valued at $775,000 after acquiring an additional 3,421 shares in the last quarter. Geode Capital Management LLC lifted its stake in LCNB by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 326,509 shares of the bank’s stock valued at $4,746,000 after acquiring an additional 16,739 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in LCNB by 39.3% in the 2nd quarter. Rhumbline Advisers now owns 16,605 shares of the bank’s stock valued at $241,000 after acquiring an additional 4,685 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors.

LCNB Price Performance

NASDAQ:LCNB opened at $18.84 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $19.12 and its 200 day simple moving average is $17.48. The company has a market cap of $268.56 million, a P/E ratio of 10.89 and a beta of 0.56. LCNB Corporation has a 52-week low of $14.31 and a 52-week high of $21.32.

LCNB (NASDAQ:LCNB) last released its earnings results on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The business had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. As a group, sell-side analysts forecast that LCNB Corporation will post 1.73 EPS for the current fiscal year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.7%. LCNB’s dividend payout ratio is currently 50.87%.

Wall Street Analysts Forecast Growth

LCNB has been the subject of several research reports. Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. Zacks Research raised shares of LCNB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of LCNB from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

LCNB Company Profile

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.