Bank of New York Mellon Corp Has $776,000 Stock Position in LCNB Corp. (NASDAQ:LCNB)

Bank of New York Mellon Corp increased its holdings in shares of LCNB Corp. (NASDAQ:LCNB) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,261 shares of the bank’s stock after buying an additional 1,773 shares during the quarter. Bank of New York Mellon Corp’s holdings in LCNB were worth $776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of LCNB by 268.9% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of LCNB by 117.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank’s stock valued at $383,000 after purchasing an additional 13,716 shares in the last quarter. Baker Ellis Asset Management LLC grew its position in shares of LCNB by 23.6% in the 4th quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock valued at $396,000 after purchasing an additional 5,000 shares during the period. Barclays PLC increased its stake in LCNB by 79.3% during the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock worth $419,000 after purchasing an additional 12,322 shares in the last quarter. Finally, Hengehold Capital Management LLC raised its holdings in LCNB by 156.1% during the 4th quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock worth $636,000 after buying an additional 25,637 shares during the period. 34.73% of the stock is currently owned by institutional investors.

LCNB Stock Up 1.4 %

LCNB stock opened at $14.82 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The stock has a market capitalization of $209.82 million, a P/E ratio of 15.28 and a beta of 0.79. LCNB Corp. has a fifty-two week low of $12.42 and a fifty-two week high of $17.92. The business has a 50-day moving average of $15.08 and a 200-day moving average of $15.54.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. On average, sell-side analysts anticipate that LCNB Corp. will post 1.65 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Monday, March 3rd. LCNB’s dividend payout ratio (DPR) is currently 90.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Hovde Group began coverage on shares of LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 price target for the company. StockNews.com raised shares of LCNB from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

About LCNB

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.