21,792 Shares in LCNB Corp. (NASDAQ:LCNB) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of LCNB Corp. (NASDAQ:LCNB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,792 shares of the bank’s stock, valued at approximately $330,000. Raymond James Financial Inc. owned 0.15% of LCNB as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in LCNB by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,803 shares of the bank’s stock worth $527,000 after purchasing an additional 750 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of LCNB by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank’s stock worth $776,000 after buying an additional 1,773 shares during the last quarter. State Street Corp boosted its stake in LCNB by 1.3% in the third quarter. State Street Corp now owns 153,579 shares of the bank’s stock valued at $2,314,000 after acquiring an additional 2,025 shares during the last quarter. Baker Ellis Asset Management LLC grew its holdings in LCNB by 23.6% during the 4th quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock worth $396,000 after acquiring an additional 5,000 shares during the period. Finally, Barclays PLC raised its position in shares of 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 last quarter. Institutional investors own 34.73% of the company’s stock.

LCNB Stock Up 3.5 %

Shares of LCNB stock opened at $14.40 on Thursday. LCNB Corp. has a 1 year low of $12.42 and a 1 year high of $17.92. 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 company has a market capitalization of $203.88 million, a P/E ratio of 14.85 and a beta of 0.68. The business has a 50-day moving average of $14.92 and a two-hundred day moving average of $15.44.

LCNB (NASDAQ:LCNB) last announced its earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, topping the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. As a group, equities analysts predict that LCNB Corp. will post 1.65 EPS for the current year.

LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.11%. LCNB’s dividend payout ratio (DPR) is 90.72%.

Wall Street Analysts Forecast Growth

LCNB has been the subject of a number of analyst reports. Hovde Group started coverage on LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective for the company. StockNews.com cut LCNB from a “buy” rating to a “hold” rating in a research note on Wednesday.

LCNB Company 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.