LCNB Corp. (NASDAQ:LCNB) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in LCNB Corp. (NASDAQ:LCNB) by 7.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 299,492 shares of the bank’s stock after buying an additional 19,687 shares during the period. Geode Capital Management LLC’s holdings in LCNB were worth $4,514,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Souders Financial Advisors acquired a new stake in LCNB in the second quarter worth $231,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of LCNB by 117.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank’s stock worth $383,000 after acquiring an additional 13,716 shares during the last quarter. Barclays PLC increased its holdings in shares of LCNB by 79.3% in the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock worth $419,000 after acquiring an additional 12,322 shares during the period. Johnson Investment Counsel Inc. lifted its position in LCNB by 10.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 125,513 shares of the bank’s stock valued at $1,746,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new position in LCNB during the 2nd quarter valued at about $160,000. 34.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LCNB has been the subject of several research analyst reports. StockNews.com raised shares of LCNB from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Hovde Group assumed coverage on shares of LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price on the stock.

LCNB Price Performance

Shares of NASDAQ:LCNB opened at $15.00 on Monday. The firm has a market cap of $211.65 million, a price-to-earnings ratio of 29.41 and a beta of 0.79. The business has a fifty day simple moving average of $16.42 and a 200 day simple moving average of $15.26. The company has a current ratio of 0.93, a quick ratio of 0.91 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.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The business had revenue of $32.81 million during the quarter, compared to analysts’ expectations of $21.30 million. As a group, sell-side analysts predict that LCNB Corp. will post 1.09 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.22 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 5.87%. LCNB’s dividend payout ratio is currently 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.