Kestra Advisory Services LLC Invests $455,000 in LCNB Corporation $LCNB

Kestra Advisory Services LLC acquired a new position in LCNB Corporation (NASDAQ:LCNB) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 29,154 shares of the bank’s stock, valued at approximately $455,000. Kestra Advisory Services LLC owned 0.20% of LCNB at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of LCNB by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 494,644 shares of the bank’s stock worth $8,107,000 after purchasing an additional 22,124 shares during the period. Maltese Capital Management LLC bought a new position in LCNB during the fourth quarter worth $336,000. Bailard Inc. bought a new position in LCNB during the fourth quarter worth $312,000. Goldman Sachs Group Inc. lifted its holdings in LCNB by 37.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 62,382 shares of the bank’s stock valued at $1,022,000 after buying an additional 17,044 shares during the period. Finally, Shoker Investment Counsel Inc. acquired a new position in LCNB in the fourth quarter valued at $278,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LCNB. Weiss Ratings upgraded LCNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Zacks Research raised LCNB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy”.

LCNB Stock Performance

Shares of LCNB stock opened at $20.36 on Tuesday. The firm has a 50 day moving average of $17.58 and a 200-day moving average of $16.97. The company has a market cap of $290.13 million, a price-to-earnings ratio of 11.77 and a beta of 0.58. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38. LCNB Corporation has a 52 week low of $14.11 and a 52 week high of $20.62.

LCNB (NASDAQ:LCNB) last released its earnings results on Thursday, July 16th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $25.14 million for the quarter, compared to the consensus estimate of $24.00 million. LCNB had a net margin of 19.69% and a return on equity of 8.98%. On average, equities analysts forecast that LCNB Corporation will post 1.73 earnings per share for the current year.

LCNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 1st. LCNB’s payout ratio is 50.87%.

LCNB Company Profile

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.