Empowered Funds LLC Increases Holdings in LCNB Corp. (NASDAQ:LCNB)

Empowered Funds LLC boosted its position in LCNB Corp. (NASDAQ:LCNB) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,826 shares of the bank’s stock after purchasing an additional 2,814 shares during the period. Empowered Funds LLC owned about 0.39% of LCNB worth $841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of 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 last quarter. Cutter & CO Brokerage Inc. lifted its stake in LCNB by 12.6% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock valued at $220,000 after buying an additional 1,772 shares in the last quarter. BNP Paribas Financial Markets grew 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 valued at $90,000 after buying an additional 2,329 shares during the last quarter. Allworth Financial LP purchased a new position in LCNB during the third quarter worth $50,000. Finally, Baker Ellis Asset Management LLC raised its holdings in shares of LCNB by 36.4% in the second quarter. Baker Ellis Asset Management LLC now owns 15,000 shares of the bank’s stock worth $209,000 after acquiring an additional 4,000 shares during the last quarter. 34.73% of the stock is owned by institutional investors and hedge funds.

LCNB Stock Performance

Shares of NASDAQ LCNB opened at $17.27 on Friday. The company has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $14.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The company has a market cap of $243.68 million, a PE ratio of 33.86 and a beta of 0.75. LCNB Corp. has a 12 month low of $12.42 and a 12 month high of $17.30.

LCNB (NASDAQ:LCNB) last released its earnings results on Monday, October 21st. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. LCNB had a net margin of 5.88% and a return on equity of 6.39%. The firm had revenue of $32.81 million during the quarter, compared to analysts’ expectations of $21.30 million. On average, equities analysts anticipate that LCNB Corp. will post 1.09 earnings per share for the current year.

LCNB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 5.10%. LCNB’s dividend payout ratio (DPR) is 172.55%.

Analyst Ratings Changes

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

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.