Johnson Investment Counsel Inc. boosted its stake in LCNB Corp. (NASDAQ:LCNB - Free Report) by 15.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,783 shares of the bank's stock after buying an additional 20,812 shares during the period. Johnson Investment Counsel Inc. owned 1.12% of LCNB worth $2,387,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in LCNB by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank's stock valued at $4,514,000 after buying an additional 19,687 shares in the last quarter. State Street Corp raised its position in LCNB by 1.3% in the third quarter. State Street Corp now owns 153,579 shares of the bank's stock worth $2,314,000 after acquiring an additional 2,025 shares in the last quarter. Empowered Funds LLC raised its position 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 acquiring an additional 2,814 shares in the last quarter. Bank of New York Mellon Corp raised its position in LCNB by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank's stock worth $776,000 after acquiring an additional 1,773 shares in the last quarter. Finally, Hengehold Capital Management LLC raised its position in LCNB by 156.1% in the fourth quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank's stock worth $636,000 after acquiring an additional 25,637 shares in the last quarter. Institutional investors own 34.73% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Hovde Group began coverage on shares of LCNB in a research report on Friday, December 20th. They issued a "market perform" rating and a $16.25 price target on the stock. StockNews.com upgraded LCNB from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd.
Check Out Our Latest Research Report on LCNB
LCNB Trading Down 1.2 %
NASDAQ:LCNB opened at $14.36 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. LCNB Corp. has a 1-year low of $12.42 and a 1-year high of $17.92. The firm has a market capitalization of $202.62 million, a price-to-earnings ratio of 14.80 and a beta of 0.79. The stock has a fifty day simple moving average of $15.08 and a 200 day simple moving average of $15.59.
LCNB (NASDAQ:LCNB - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. Sell-side analysts forecast that LCNB Corp. will post 1.65 earnings per share for the current year.
LCNB Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.13%. The ex-dividend date is Monday, March 3rd. LCNB's payout ratio is 90.72%.
LCNB Company Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider LCNB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LCNB wasn't on the list.
While LCNB currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
