Baker Ellis Asset Management LLC Acquires 5,000 Shares of LCNB Corp. (NASDAQ:LCNB)

Baker Ellis Asset Management LLC boosted its holdings in shares of LCNB Corp. (NASDAQ:LCNB) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,200 shares of the bank’s stock after purchasing an additional 5,000 shares during the quarter. Baker Ellis Asset Management LLC owned about 0.19% of LCNB worth $396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in LCNB by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock worth $4,514,000 after acquiring an additional 19,687 shares during the last quarter. Souders Financial Advisors purchased a new position in LCNB during the 2nd quarter valued at $231,000. JPMorgan Chase & Co. boosted its holdings in LCNB by 268.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after acquiring an additional 14,904 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $383,000 after acquiring an additional 13,716 shares during the period. Finally, Barclays PLC boosted its holdings in LCNB by 79.3% during 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 during the period. Institutional investors own 34.73% of the company’s stock.

LCNB Trading Up 0.3 %

Shares of NASDAQ LCNB opened at $15.09 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The stock has a market capitalization of $212.92 million, a P/E ratio of 29.59 and a beta of 0.79. LCNB Corp. has a 1-year low of $12.42 and a 1-year high of $17.92. The business has a fifty day moving average price of $16.03 and a 200 day moving average price of $15.41.

LCNB (NASDAQ:LCNB) last announced its earnings results on Monday, October 21st. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The company had revenue of $32.81 million for the quarter, compared to analyst estimates of $21.30 million. Equities research analysts expect that LCNB Corp. will post 1.09 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Monday, December 2nd. LCNB’s dividend payout ratio is currently 172.55%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group began coverage on LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price for the company.

About LCNB

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.