LCNB Corp. (NASDAQ:LCNB) Shares Acquired by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC boosted its stake in shares of LCNB Corp. (NASDAQ:LCNB) by 23.6% in the 4th quarter, Holdings Channel reports. The fund owned 26,200 shares of the bank’s stock after buying an additional 5,000 shares during the period. Baker Ellis Asset Management LLC’s holdings in LCNB were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in LCNB during the third quarter valued at approximately $50,000. Kimelman & Baird LLC acquired a new stake in LCNB in the second quarter valued at approximately $160,000. Rhumbline Advisers grew its holdings in 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 purchasing an additional 1,207 shares during the period. Souders Financial Advisors acquired a new stake in LCNB in the second quarter valued at approximately $231,000. Finally, JPMorgan Chase & Co. grew its holdings in LCNB by 268.9% in the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after purchasing an additional 14,904 shares during the period. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Stock Performance

Shares of LCNB stock opened at $15.09 on Friday. LCNB Corp. has a one year low of $12.42 and a one year high of $17.92. The company has a market cap of $212.92 million, a price-to-earnings ratio of 29.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The business’s 50 day moving average price is $16.03 and its 200 day moving average price is $15.41.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.31 EPS for the quarter, topping 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. On average, research analysts predict that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 5.83%. LCNB’s dividend payout ratio is currently 172.55%.

Analysts Set New Price Targets

Separately, Hovde Group began coverage on LCNB in a research note on Friday, December 20th. They issued a “market perform” rating and a $16.25 price target on the stock.

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.