Dimensional Fund Advisors LP Trims Stock Position in LCNB Corp. (NASDAQ:LCNB)

Dimensional Fund Advisors LP trimmed its stake in LCNB Corp. (NASDAQ:LCNB) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 399,050 shares of the bank’s stock after selling 27,987 shares during the period. Dimensional Fund Advisors LP owned 2.82% of LCNB worth $5,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in LCNB by 70.6% during the 1st 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. Baker Ellis Asset Management LLC purchased a new position in LCNB during the first quarter valued at $175,000. Financial Counselors Inc. bought a new stake in shares of LCNB during the 2nd quarter valued at $172,000. Rhumbline Advisers increased its stake in shares of LCNB by 10.4% in the 2nd 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. Finally, Cutter & CO Brokerage Inc. lifted its position in LCNB by 12.6% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,772 shares during the period. Hedge funds and other institutional investors own 34.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

LCNB Trading Up 0.6 %

LCNB stock opened at $14.52 on Wednesday. LCNB Corp. has a 12 month low of $12.42 and a 12 month high of $17.09. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66. The business’s fifty day simple moving average is $14.91 and its two-hundred day simple moving average is $14.57. The company has a market capitalization of $205.36 million, a price-to-earnings ratio of 15.78 and a beta of 0.75.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. The company had revenue of $19.30 million for the quarter, compared to the consensus estimate of $18.50 million. LCNB had a net margin of 5.97% and a return on equity of 6.55%. As a group, equities analysts predict that LCNB Corp. will post 1 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend was Tuesday, September 3rd. LCNB’s dividend payout ratio (DPR) is currently 95.65%.

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.