Hengehold Capital Management LLC Purchases 25,637 Shares of LCNB Corp. (NASDAQ:LCNB)

Hengehold Capital Management LLC grew its position in shares of LCNB Corp. (NASDAQ:LCNB - Free Report) by 156.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,063 shares of the bank's stock after acquiring an additional 25,637 shares during the period. Hengehold Capital Management LLC owned about 0.30% of LCNB worth $636,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its position in LCNB by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank's stock valued at $179,000 after purchasing an additional 1,207 shares during the period. State Street Corp increased its position in shares of LCNB by 1.3% during the third quarter. State Street Corp now owns 153,579 shares of the bank's stock valued at $2,314,000 after buying an additional 2,025 shares during the period. Empowered Funds LLC raised its stake in LCNB by 5.3% in the third quarter. Empowered Funds LLC now owns 55,826 shares of the bank's stock worth $841,000 after buying an additional 2,814 shares in the last quarter. Allworth Financial LP purchased a new stake in LCNB in the third quarter worth about $50,000. Finally, Baker Ellis Asset Management LLC boosted its position in LCNB by 23.6% during the 4th quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank's stock valued at $396,000 after acquiring an additional 5,000 shares in the last quarter. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Stock Down 1.7 %

Shares of LCNB stock traded down $0.26 during trading on Friday, hitting $14.83. The company's stock had a trading volume of 16,416 shares, compared to its average volume of 18,021. LCNB Corp. has a 52 week low of $12.42 and a 52 week high of $17.92. The company has a market capitalization of $209.25 million, a PE ratio of 29.08 and a beta of 0.79. The company has a fifty day simple moving average of $15.96 and a two-hundred day simple moving average of $15.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93.

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

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend was Monday, December 2nd. LCNB's dividend payout ratio (DPR) is 172.55%.

Analysts Set New Price Targets

Separately, Hovde Group started coverage on LCNB in a research note on Friday, December 20th. They issued a "market perform" rating and a $16.25 target price for the company.

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.