LCNB Corp. (NASDAQ:LCNB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in LCNB Corp. (NASDAQ:LCNB) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,803 shares of the bank’s stock after acquiring an additional 750 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.25% of LCNB worth $527,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LCNB. JPMorgan Chase & Co. raised its position in shares of LCNB by 268.9% in the 3rd 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 last quarter. Baker Ellis Asset Management LLC increased its stake in LCNB by 23.6% during the 4th quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock valued at $396,000 after purchasing an additional 5,000 shares in the last quarter. Barclays PLC raised its holdings in shares of LCNB by 79.3% in the third quarter. Barclays PLC now owns 27,855 shares of the bank’s stock worth $419,000 after buying an additional 12,322 shares during the last quarter. Hengehold Capital Management LLC lifted its stake in shares of LCNB by 156.1% during the fourth quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock worth $636,000 after buying an additional 25,637 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of LCNB by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank’s stock valued at $776,000 after buying an additional 1,773 shares during the last quarter. Hedge funds and other institutional investors own 34.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LCNB. Hovde Group initiated coverage on LCNB in a research note on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price for the company. StockNews.com raised LCNB from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

LCNB Stock Performance

LCNB opened at $14.79 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. LCNB Corp. has a 12-month low of $12.42 and a 12-month high of $17.92. The firm has a 50 day moving average of $15.07 and a two-hundred day moving average of $15.52. The firm has a market capitalization of $209.40 million, a PE ratio of 15.25 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last issued its earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. On average, analysts anticipate that LCNB Corp. will post 1.65 EPS for the current year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.95%. LCNB’s dividend payout ratio (DPR) is presently 90.72%.

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.