JPMorgan Chase & Co. Raises Stake in LCNB Corp. (NASDAQ:LCNB)

JPMorgan Chase & Co. lifted its position in LCNB Corp. (NASDAQ:LCNB - Free Report) by 122.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,477 shares of the bank's stock after acquiring an additional 25,031 shares during the period. JPMorgan Chase & Co. owned 0.32% of LCNB worth $688,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in LCNB by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,803 shares of the bank's stock valued at $527,000 after buying an additional 750 shares in the last quarter. Bank of New York Mellon Corp increased its holdings 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 valued at $776,000 after acquiring an additional 1,773 shares in the last quarter. State Street Corp raised its position in shares of LCNB by 1.3% in the 3rd quarter. State Street Corp now owns 153,579 shares of the bank's stock worth $2,314,000 after purchasing an additional 2,025 shares during the last quarter. Baker Ellis Asset Management LLC boosted its stake in LCNB by 23.6% in the 4th quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank's stock worth $396,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Barclays PLC grew its position in 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 purchasing an additional 12,322 shares during the last quarter. Hedge funds and other institutional investors own 34.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of LCNB from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

LCNB Stock Down 0.3 %

Shares of LCNB stock traded down $0.05 on Monday, reaching $14.89. The company's stock had a trading volume of 2,245 shares, compared to its average volume of 21,584. The company has a market capitalization of $210.95 million, a price-to-earnings ratio of 15.35 and a beta of 0.64. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. LCNB Corp. has a 52 week low of $12.42 and a 52 week high of $17.92. The firm's fifty day simple moving average is $14.58 and its two-hundred day simple moving average is $15.39.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). LCNB had a net margin of 10.76% and a return on equity of 7.12%. The company had revenue of $21.52 million for the quarter, compared to analysts' expectations of $15.80 million. Equities analysts anticipate that LCNB Corp. will post 1.65 earnings per share 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 dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.91%. LCNB's payout ratio is 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.