Barclays PLC Has $419,000 Stock Position in LCNB Corp. (NASDAQ:LCNB)

Barclays PLC increased its stake in LCNB Corp. (NASDAQ:LCNB) by 79.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,855 shares of the bank’s stock after purchasing an additional 12,322 shares during the quarter. Barclays PLC’s holdings in LCNB were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers increased its position in shares of LCNB by 10.4% in the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after acquiring an additional 1,207 shares in the last quarter. State Street Corp boosted its stake in LCNB by 1.3% in the 3rd quarter. State Street Corp now owns 153,579 shares of the bank’s stock worth $2,314,000 after purchasing an additional 2,025 shares during the period. Empowered Funds LLC grew its position in LCNB by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 55,826 shares of the bank’s stock worth $841,000 after purchasing an additional 2,814 shares in the last quarter. Allworth Financial LP acquired a new stake in LCNB during the 3rd quarter valued at $50,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of LCNB by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank’s stock valued at $811,000 after purchasing an additional 5,237 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Trading Up 0.4 %

LCNB stock opened at $15.00 on Friday. LCNB Corp. has a 12 month low of $12.42 and a 12 month high of $17.92. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a market cap of $211.65 million, a P/E ratio of 29.41 and a beta of 0.77. The company’s fifty day simple moving average is $16.42 and its 200-day simple moving average is $15.25.

LCNB (NASDAQ:LCNB) last issued its earnings results on Monday, October 21st. The bank reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The firm had revenue of $32.81 million for the quarter, compared to the consensus estimate of $21.30 million. As a group, sell-side analysts forecast that LCNB Corp. will post 1.09 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.87%. The ex-dividend date was Monday, December 2nd. LCNB’s payout ratio is presently 172.55%.

Analysts Set New Price Targets

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

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.