Souders Financial Advisors Makes New Investment in LCNB Corp. (NASDAQ:LCNB)

Souders Financial Advisors purchased a new position in LCNB Corp. (NASDAQ:LCNB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,571 shares of the bank’s stock, valued at approximately $231,000. Souders Financial Advisors owned 0.12% of LCNB at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in LCNB by 70.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock worth $90,000 after acquiring an additional 2,329 shares during the period. Kimelman & Baird LLC purchased a new stake in LCNB in the second quarter valued at approximately $160,000. Financial Counselors Inc. bought a new stake in LCNB during the second quarter valued at approximately $172,000. Baker Ellis Asset Management LLC purchased a new position in LCNB in the 1st quarter worth approximately $175,000. Finally, Rhumbline Advisers increased its holdings 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 buying an additional 1,207 shares during the last quarter. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

LCNB Stock Performance

NASDAQ:LCNB opened at $14.68 on Wednesday. The company has a market capitalization of $207.62 million, a price-to-earnings ratio of 15.96 and a beta of 0.76. The business has a 50 day moving average of $15.00 and a 200 day moving average of $14.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.93 and a quick ratio of 0.90. LCNB Corp. has a 1-year low of $12.42 and a 1-year high of $17.09.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. LCNB had a return on equity of 6.55% and a net margin of 5.97%. The business had revenue of $19.30 million for the quarter, compared to analysts’ expectations of $18.50 million. On average, sell-side analysts predict that LCNB Corp. will post 1 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend was Tuesday, September 3rd. LCNB’s dividend payout ratio (DPR) is 95.65%.

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.