Allworth Financial LP Makes New Investment in LCNB Corp. (NASDAQ:LCNB)

Allworth Financial LP acquired a new position in shares of LCNB Corp. (NASDAQ:LCNB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,285 shares of the bank’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of LCNB by 70.6% in the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock valued at $90,000 after acquiring an additional 2,329 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of LCNB in the second quarter valued at about $160,000. Financial Counselors Inc. purchased a new stake in shares of LCNB in the second quarter valued at about $172,000. Rhumbline Advisers boosted its holdings in shares of LCNB by 10.4% in the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock valued at $179,000 after acquiring an additional 1,207 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its holdings in shares of LCNB by 36.4% in the second quarter. Baker Ellis Asset Management LLC now owns 15,000 shares of the bank’s stock valued at $209,000 after acquiring an additional 4,000 shares in the last quarter. 34.73% of the stock is owned by hedge funds and other institutional investors.

LCNB Stock Up 2.4 %

Shares of NASDAQ LCNB opened at $16.06 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. LCNB Corp. has a 52 week low of $12.42 and a 52 week high of $17.09. The firm has a 50-day moving average price of $15.23 and a 200 day moving average price of $14.60. The stock has a market capitalization of $227.28 million, a price-to-earnings ratio of 31.49 and a beta of 0.75.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. LCNB had a net margin of 5.88% and a return on equity of 6.49%. The firm had revenue of $32.81 million during the quarter, compared to analysts’ expectations of $21.30 million. Equities research analysts anticipate that LCNB Corp. will post 1.09 EPS for the current fiscal year.

LCNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Tuesday, September 3rd. LCNB’s dividend payout ratio (DPR) is 172.55%.

Wall Street Analyst Weigh In

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

LCNB 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.