Tower Research Capital LLC TRC Purchases 2,205 Shares of LCNB Corp. (NASDAQ:LCNB)

Tower Research Capital LLC TRC grew its position in LCNB Corp. (NASDAQ:LCNB) by 240.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,123 shares of the bank’s stock after acquiring an additional 2,205 shares during the period. Tower Research Capital LLC TRC’s holdings in LCNB were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LCNB. Barclays PLC grew its position in shares of LCNB by 79.3% in 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. JPMorgan Chase & Co. grew its position in shares of LCNB by 268.9% in 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. Baker Ellis Asset Management LLC grew its position in shares of LCNB by 23.6% in the 4th quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock valued at $396,000 after acquiring an additional 5,000 shares during the period. Hengehold Capital Management LLC grew its position in shares of LCNB by 156.1% in the 4th quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock valued at $636,000 after acquiring an additional 25,637 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of LCNB by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank’s stock valued at $776,000 after acquiring an additional 1,773 shares during the period. Institutional investors own 34.73% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of LCNB from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th.

LCNB Stock Up 1.4%

Shares of NASDAQ:LCNB opened at $14.95 on Tuesday. The company has a fifty day moving average of $14.54 and a 200-day moving average of $15.37. The company has a market capitalization of $211.80 million, a PE ratio of 15.41 and a beta of 0.64. 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 posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $21.52 million during the quarter, compared to analyst estimates of $15.80 million. LCNB had a net margin of 10.76% and a return on equity of 7.12%. On average, equities analysts predict that LCNB Corp. will post 1.65 EPS for the current fiscal year.

LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 5.89%. LCNB’s dividend payout ratio (DPR) is currently 76.52%.

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.