LCNB Corp. (NASDAQ:LCNB) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of LCNB Corp. (NASDAQ:LCNB) by 5.3% in the third quarter, Holdings Channel.com reports. The firm owned 55,826 shares of the bank’s stock after buying an additional 2,814 shares during the period. Empowered Funds LLC’s holdings in LCNB were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Allworth Financial LP bought a new position in shares of LCNB during the third quarter worth about $50,000. BNP Paribas Financial Markets raised its stake in LCNB by 70.6% during the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock valued at $90,000 after buying an additional 2,329 shares in the last quarter. Kimelman & Baird LLC bought a new position in LCNB during the 2nd quarter worth approximately $160,000. Financial Counselors Inc. bought a new position in LCNB during the 2nd quarter worth approximately $172,000. Finally, Rhumbline Advisers grew its position in shares of LCNB by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after acquiring an additional 1,207 shares in the last quarter. 34.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th.

LCNB Trading Up 2.2 %

LCNB stock opened at $17.27 on Friday. LCNB Corp. has a 1 year low of $12.42 and a 1 year high of $17.30. The firm’s 50-day moving average is $15.65 and its 200-day moving average is $14.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The company has a market cap of $243.68 million, a P/E ratio of 33.86 and a beta of 0.75.

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

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Monday, December 2nd. LCNB’s dividend payout ratio (DPR) is 172.55%.

LCNB Company 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.