LCNB Corp. (NASDAQ:LCNB) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its holdings in shares of LCNB Corp. (NASDAQ:LCNB) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,956 shares of the bank’s stock after selling 6,870 shares during the quarter. Empowered Funds LLC owned approximately 0.35% of LCNB worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LCNB. Allworth Financial LP purchased a new stake in LCNB in the 3rd quarter valued at approximately $50,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of LCNB by 117.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank’s stock valued at $383,000 after acquiring an additional 13,716 shares in the last quarter. State Street Corp increased its position in LCNB by 1.3% during the 3rd quarter. State Street Corp now owns 153,579 shares of the bank’s stock worth $2,314,000 after purchasing an additional 2,025 shares in the last quarter. Barclays PLC raised its stake in LCNB by 79.3% in the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock valued at $419,000 after purchasing an additional 12,322 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in LCNB by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock valued at $4,514,000 after purchasing an additional 19,687 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Trading Down 0.5 %

Shares of LCNB stock opened at $15.43 on Tuesday. LCNB Corp. has a 1-year low of $12.42 and a 1-year high of $17.92. The firm’s 50-day simple moving average is $15.41 and its 200-day simple moving average is $15.51. The firm has a market cap of $217.72 million, a P/E ratio of 15.91 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that LCNB Corp. will post 1.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LCNB. StockNews.com upgraded shares of LCNB from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Hovde Group began coverage on LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 price target on the stock.

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.