Johnson Investment Counsel Inc. Has $2.39 Million Stake in LCNB Corp. (NASDAQ:LCNB)

Johnson Investment Counsel Inc. boosted its holdings in shares of LCNB Corp. (NASDAQ:LCNB) by 15.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 157,783 shares of the bank’s stock after buying an additional 20,812 shares during the period. Johnson Investment Counsel Inc.’s holdings in LCNB were worth $2,387,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Hengehold Capital Management LLC lifted its position in LCNB by 156.1% during the 4th quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock worth $636,000 after acquiring an additional 25,637 shares during the last quarter. Raymond James Financial Inc. acquired a new position in LCNB during the 4th quarter worth $330,000. Geode Capital Management LLC lifted its position in LCNB by 7.0% during 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. JPMorgan Chase & Co. lifted its position in LCNB by 268.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock worth $308,000 after acquiring an additional 14,904 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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. 34.73% of the stock is owned by institutional investors and hedge funds.

LCNB Stock Down 1.2 %

Shares of LCNB opened at $14.36 on Wednesday. The company has a 50-day simple moving average of $15.08 and a 200-day simple moving average of $15.59. The firm has a market capitalization of $202.62 million, a P/E ratio of 14.80 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. LCNB Corp. has a 52 week low of $12.42 and a 52 week high of $17.92.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating 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%. On average, equities research analysts expect that LCNB Corp. will post 1.65 earnings per share for the current year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 6.13%. LCNB’s dividend payout ratio (DPR) is currently 90.72%.

Analysts Set New Price Targets

LCNB has been the subject of a number of research analyst reports. StockNews.com raised shares of LCNB from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Hovde Group initiated coverage on shares of LCNB in a report on Friday, December 20th. They set 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.