Lenox Wealth Management Inc. purchased a new stake in LCNB Corp. (NASDAQ:LCNB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 122,181 shares of the bank’s stock, valued at approximately $2,167,000. Lenox Wealth Management Inc. owned 0.94% of LCNB at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its holdings in LCNB by 46.3% in the 2nd quarter. BlackRock Inc. now owns 669,564 shares of the bank’s stock valued at $12,723,000 after buying an additional 211,752 shares during the period. Vanguard Group Inc. grew its holdings in LCNB by 27.3% in the 2nd quarter. Vanguard Group Inc. now owns 586,345 shares of the bank’s stock valued at $11,141,000 after buying an additional 125,916 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in LCNB by 4.8% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 220,841 shares of the bank’s stock valued at $4,196,000 after buying an additional 10,041 shares during the period. Renaissance Technologies LLC grew its holdings in LCNB by 18.4% in the 2nd quarter. Renaissance Technologies LLC now owns 196,916 shares of the bank’s stock valued at $3,741,000 after buying an additional 30,600 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in LCNB by 12.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 111,752 shares of the bank’s stock valued at $2,123,000 after buying an additional 12,299 shares during the period. Institutional investors own 34.65% of the company’s stock.
LCNB has been the subject of several recent analyst reports. Zacks Investment Research cut LCNB from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. ValuEngine cut LCNB from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, Boenning Scattergood reiterated a “neutral” rating on shares of LCNB in a report on Thursday, October 31st.
Shares of NASDAQ:LCNB traded down $0.36 during trading on Friday, reaching $17.76. 10,000 shares of the stock were exchanged, compared to its average volume of 23,351. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $235.26 million, a price-to-earnings ratio of 12.78 and a beta of 0.56. LCNB Corp. has a 12-month low of $14.56 and a 12-month high of $19.94. The firm’s 50-day moving average price is $17.62 and its 200 day moving average price is $17.44.
LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $16.93 million for the quarter, compared to analyst estimates of $16.74 million. LCNB had a return on equity of 8.79% and a net margin of 25.22%. As a group, equities research analysts forecast that LCNB Corp. will post 1.45 EPS for the current year.
In related news, EVP John F. Smiley sold 1,416 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $18.08, for a total transaction of $25,601.28. Following the completion of the transaction, the executive vice president now directly owns 108,983 shares in the company, valued at approximately $1,970,412.64. The sale was disclosed in a document filed with the SEC, which is available through this link. 6.45% of the stock is owned by corporate insiders.
LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.
See Also: What are gap-down stocks?
Receive News & Ratings for LCNB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCNB and related companies with MarketBeat.com's FREE daily email newsletter.