Commonwealth Equity Services LLC Purchases Shares of 31,986 LCNB Corp. (NASDAQ:LCNB)

Commonwealth Equity Services LLC bought a new position in shares of LCNB Corp. (NASDAQ:LCNB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,986 shares of the bank's stock, valued at approximately $484,000. Commonwealth Equity Services LLC owned approximately 0.23% of LCNB as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hengehold Capital Management LLC raised its stake in LCNB by 156.1% in the fourth quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank's stock valued at $636,000 after purchasing an additional 25,637 shares in the last quarter. Raymond James Financial Inc. bought a new position in LCNB in the 4th quarter valued at about $330,000. Johnson Investment Counsel Inc. raised its position in shares of LCNB by 15.2% in the 4th quarter. Johnson Investment Counsel Inc. now owns 157,783 shares of the bank's stock valued at $2,387,000 after buying an additional 20,812 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 period. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 34.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LCNB. StockNews.com downgraded shares of LCNB from a "buy" rating to a "hold" rating in a research report on Wednesday. Hovde Group started coverage on LCNB in a research report on Friday, December 20th. They set a "market perform" rating and a $16.25 price objective for the company.

LCNB Price Performance

NASDAQ:LCNB traded down $0.73 on Thursday, hitting $13.67. The company had a trading volume of 22,838 shares, compared to its average volume of 22,984. LCNB Corp. has a 52 week low of $12.42 and a 52 week high of $17.92. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $193.54 million, a price-to-earnings ratio of 14.09 and a beta of 0.68. The firm has a 50 day moving average of $14.89 and a two-hundred day moving average of $15.43.

LCNB (NASDAQ:LCNB - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. On average, research analysts anticipate that LCNB Corp. will post 1.65 earnings per share for the current year.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend was Monday, March 3rd. LCNB's dividend payout ratio is currently 90.72%.

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.