Dimensional Fund Advisors LP Increases Stock Holdings in LCNB Corp. (NASDAQ:LCNB)

Dimensional Fund Advisors LP increased its holdings in LCNB Corp. (NASDAQ:LCNB - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 423,891 shares of the bank's stock after acquiring an additional 22,315 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.00% of LCNB worth $6,413,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Johnson Investment Counsel Inc. raised its holdings in shares of LCNB by 15.2% in the fourth 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 during the last quarter. Renaissance Technologies LLC grew its stake in shares of LCNB by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 122,716 shares of the bank's stock valued at $1,857,000 after purchasing an additional 7,500 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of LCNB during the fourth quarter worth $814,000. Bank of New York Mellon Corp raised its position in LCNB by 3.6% during the 4th 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. Finally, JPMorgan Chase & Co. raised its position in LCNB by 122.4% during the 4th quarter. JPMorgan Chase & Co. now owns 45,477 shares of the bank's stock worth $688,000 after buying an additional 25,031 shares during the last quarter. 34.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of LCNB from a "hold" rating to a "buy" rating in a research note on Tuesday.

LCNB Stock Performance

Shares of LCNB stock traded down $0.21 during trading hours on Wednesday, reaching $15.24. 14,252 shares of the company's stock were exchanged, compared to its average volume of 22,830. 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's 50 day moving average is $14.55 and its two-hundred day moving average is $15.37. The company has a market cap of $215.91 million, a P/E ratio of 15.71 and a beta of 0.64. LCNB Corp. has a 1 year low of $12.42 and a 1 year high of $17.92.

LCNB (NASDAQ:LCNB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). The business 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%. Equities research analysts anticipate that LCNB Corp. will post 1.65 EPS for the current fiscal year.

LCNB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 5.77%. LCNB's dividend payout ratio (DPR) is presently 76.52%.

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.