Hengehold Capital Management LLC Buys 25,637 Shares of LCNB Corp. (NASDAQ:LCNB)

Hengehold Capital Management LLC raised its holdings in shares of LCNB Corp. (NASDAQ:LCNB) by 156.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,063 shares of the bank’s stock after buying an additional 25,637 shares during the period. Hengehold Capital Management LLC owned about 0.30% of LCNB worth $636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LCNB. Allworth Financial LP purchased a new position in LCNB during the 3rd quarter worth $50,000. Kimelman & Baird LLC purchased a new stake in LCNB in the second quarter worth about $160,000. Rhumbline Advisers lifted its stake in LCNB by 10.4% in the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after acquiring an additional 1,207 shares during the period. Souders Financial Advisors bought a new position in LCNB during the 2nd quarter worth about $231,000. Finally, JPMorgan Chase & Co. increased its position 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 purchasing an additional 14,904 shares during the period. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Trading Up 0.3 %

LCNB opened at $15.09 on Friday. LCNB Corp. has a 12 month low of $12.42 and a 12 month high of $17.92. The stock has a fifty day moving average price of $16.03 and a 200-day moving average price of $15.41. The firm has a market cap of $212.92 million, a price-to-earnings ratio of 29.59 and a beta of 0.79. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61.

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

LCNB Announces Dividend

The company 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. The ex-dividend date was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 5.83%. LCNB’s payout ratio is 172.55%.

Analyst Upgrades and Downgrades

Separately, Hovde Group assumed coverage on shares of LCNB in a research report on Friday, December 20th. They issued a “market perform” rating and a $16.25 price target 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.