53,806 Shares in LCNB Corp. (NASDAQ:LCNB) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in LCNB Corp. (NASDAQ:LCNB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 53,806 shares of the bank’s stock, valued at approximately $814,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of LCNB by 268.9% in the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after buying an additional 14,904 shares in the last quarter. Raymond James Financial Inc. acquired a new position in LCNB during the 4th quarter worth about $330,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 worth $383,000 after acquiring an additional 13,716 shares during the last quarter. Baker Ellis Asset Management LLC increased its position in LCNB by 23.6% in the 4th quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock valued at $396,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Barclays PLC increased its position 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 acquiring an additional 12,322 shares in the last quarter. Institutional investors own 34.73% of the company’s stock.

LCNB Stock Performance

Shares of NASDAQ:LCNB opened at $14.97 on Friday. 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 1-year low of $12.42 and a 1-year high of $17.92. The stock has a market capitalization of $211.95 million, a P/E ratio of 15.43 and a beta of 0.79. The business has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $15.53.

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

LCNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given 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 5.88%. LCNB’s dividend payout ratio is currently 90.72%.

Analyst Ratings Changes

Several research firms have recently commented on LCNB. StockNews.com raised shares of LCNB from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Hovde Group assumed coverage on LCNB in a research report on Friday, December 20th. They issued a “market perform” rating and a $16.25 price objective on the stock.

LCNB 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.