Dimensional Fund Advisors LP Acquires 22,315 Shares of LCNB Corp. (NASDAQ:LCNB)

Dimensional Fund Advisors LP lifted its holdings in shares of LCNB Corp. (NASDAQ:LCNB - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,891 shares of the bank's stock after purchasing an additional 22,315 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.00% of LCNB worth $6,413,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LCNB. Barclays PLC lifted its stake in shares of LCNB by 79.3% in the third quarter. Barclays PLC now owns 27,855 shares of the bank's stock worth $419,000 after buying an additional 12,322 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in LCNB in the 4th quarter worth $484,000. Raymond James Financial Inc. acquired a new position in LCNB during the 4th quarter worth $330,000. JPMorgan Chase & Co. boosted its holdings in LCNB by 268.9% during the third 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. Finally, Hengehold Capital Management LLC boosted its holdings in LCNB by 156.1% during the fourth 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. Institutional investors and hedge funds own 34.73% of the company's stock.

LCNB Stock Performance

Shares of LCNB traded down $0.04 during mid-day trading on Friday, hitting $15.61. The company's stock had a trading volume of 6,315 shares, compared to its average volume of 22,827. LCNB Corp. has a one year low of $12.42 and a one year high of $17.92. The stock's 50-day moving average is $14.58 and its two-hundred day moving average is $15.37. The firm has a market capitalization of $221.13 million, a PE ratio of 16.09 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 (NASDAQ:LCNB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 7.12% and a net margin of 10.76%. As a group, sell-side analysts anticipate 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. Investors of record on Monday, March 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 annualized dividend and a yield of 5.64%. LCNB's dividend payout ratio is 76.52%.

Analyst Upgrades and Downgrades

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

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.