Barclays PLC Raises Position in LCNB Corp. (NASDAQ:LCNB)

Barclays PLC lifted its holdings in LCNB Corp. (NASDAQ:LCNB) by 79.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,855 shares of the bank’s stock after purchasing an additional 12,322 shares during the quarter. Barclays PLC owned about 0.20% of LCNB worth $419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LCNB. Allworth Financial LP acquired a new stake in LCNB in the third quarter worth about $50,000. Kimelman & Baird LLC purchased a new position in shares of LCNB in the 2nd quarter valued at approximately $160,000. Rhumbline Advisers boosted its stake in LCNB by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after purchasing an additional 1,207 shares in the last quarter. Souders Financial Advisors purchased a new stake in LCNB during the 2nd quarter worth approximately $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in LCNB by 117.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank’s stock valued at $383,000 after purchasing an additional 13,716 shares in the last quarter. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Stock Performance

Shares of NASDAQ:LCNB opened at $15.07 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. LCNB Corp. has a 52-week low of $12.42 and a 52-week high of $17.92. The stock has a market cap of $212.64 million, a price-to-earnings ratio of 29.55 and a beta of 0.79. The business has a 50-day moving average price of $16.15 and a 200-day moving average price of $15.37.

LCNB (NASDAQ:LCNB) last released 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. The business had revenue of $32.81 million for the quarter, compared to the consensus estimate of $21.30 million. LCNB had a net margin of 5.88% and a return on equity of 6.39%. Equities analysts predict that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.84%. LCNB’s payout ratio is currently 172.55%.

Analyst Ratings Changes

Separately, Hovde Group started coverage on shares of LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective for the company.

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.