Lido Advisors LLC Acquires Shares of 31,020 LCNB Corp. (NASDAQ:LCNB)

Lido Advisors LLC acquired a new stake in shares of LCNB Corp. (NASDAQ:LCNB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,020 shares of the bank's stock, valued at approximately $469,000. Lido Advisors LLC owned about 0.22% of LCNB at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LCNB. Tower Research Capital LLC TRC raised its stake in LCNB by 240.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank's stock worth $47,000 after purchasing an additional 2,205 shares during the period. JPMorgan Chase & Co. increased its holdings 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 buying an additional 14,904 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of LCNB in the 4th quarter worth $330,000. Baker Ellis Asset Management LLC boosted its holdings in LCNB by 23.6% in the fourth 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 last quarter. Finally, Barclays PLC grew its position in LCNB by 79.3% during the third 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. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Stock Up 1.0 %

Shares of NASDAQ:LCNB traded up $0.14 during midday trading on Friday, hitting $14.74. 11,270 shares of the company's stock traded hands, compared to its average volume of 22,788. The firm's fifty day moving average price is $14.54 and its two-hundred day moving average price is $15.37. 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 twelve month low of $12.42 and a twelve month high of $17.92. The company has a market cap of $208.82 million, a PE ratio of 15.20 and a beta of 0.64.

LCNB (NASDAQ:LCNB - Get Free Report) last posted its 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). 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 research analysts anticipate that LCNB Corp. will post 1.65 EPS for the current fiscal year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.22 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.97%. LCNB's dividend payout ratio (DPR) is presently 76.52%.

Analyst Upgrades and Downgrades

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

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.