LCNB Corp. (NASDAQ:LCNB) Shares Sold by Hengehold Capital Management LLC

Hengehold Capital Management LLC cut its stake in shares of LCNB Corp. (NASDAQ:LCNB) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,426 shares of the bank’s stock after selling 1,242 shares during the period. Hengehold Capital Management LLC owned 0.12% of LCNB worth $248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of LCNB by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock valued at $179,000 after acquiring an additional 1,207 shares during the period. Cutter & CO Brokerage Inc. increased its holdings 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 purchasing an additional 1,772 shares in the last quarter. BNP Paribas Financial Markets raised its position in LCNB by 70.6% in the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock valued at $90,000 after purchasing an additional 2,329 shares during the period. Empowered Funds LLC lifted its stake in shares of LCNB by 8.1% during the first quarter. Empowered Funds LLC now owns 49,232 shares of the bank’s stock worth $785,000 after purchasing an additional 3,675 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its position 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 buying an additional 4,000 shares during the period. 34.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

LCNB Price Performance

Shares of LCNB stock opened at $15.49 on Friday. The firm has a fifty day simple moving average of $15.03 and a 200-day simple moving average of $14.56. The company has a market capitalization of $219.08 million, a PE ratio of 16.84 and a beta of 0.75. LCNB Corp. has a twelve month low of $12.42 and a twelve month high of $17.09. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, beating 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 firm had revenue of $19.30 million during the quarter, compared to the consensus estimate of $18.50 million. Equities research analysts anticipate that LCNB Corp. will post 1 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.68%. LCNB’s dividend payout ratio (DPR) is presently 95.65%.

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.