Lido Advisors LLC Makes New $469,000 Investment in LCNB Corp. (NASDAQ:LCNB)

Lido Advisors LLC purchased a new position in shares of LCNB Corp. (NASDAQ:LCNB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,020 shares of the bank's stock, valued at approximately $469,000. Lido Advisors LLC owned approximately 0.22% of LCNB as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LCNB. Tower Research Capital LLC TRC lifted its position in LCNB by 240.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank's stock worth $47,000 after buying an additional 2,205 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 14,904 shares during the last quarter. Raymond James Financial Inc. bought a new position in LCNB in the fourth quarter valued at approximately $330,000. Baker Ellis Asset Management LLC increased its position in shares of LCNB by 23.6% during 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 during the last quarter. Finally, Barclays PLC raised its stake in shares of LCNB by 79.3% during the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank's stock worth $419,000 after purchasing an additional 12,322 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors and hedge funds.

LCNB Stock Performance

NASDAQ:LCNB traded up $0.05 during mid-day trading on Wednesday, hitting $14.65. The stock had a trading volume of 11,553 shares, compared to its average volume of 22,754. The company's 50 day simple moving average is $14.57 and its 200 day simple moving average is $15.38. The stock has a market cap of $207.55 million, a price-to-earnings ratio of 15.10 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 Corp. has a twelve month low of $12.42 and a twelve month high of $17.92.

LCNB (NASDAQ:LCNB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). LCNB had a return on equity of 7.12% and a net margin of 10.76%. The business had revenue of $21.52 million for the quarter, compared to the consensus estimate of $15.80 million. On average, equities research analysts forecast that LCNB Corp. will post 1.65 earnings per share for the current year.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Monday, March 3rd. LCNB's payout ratio is 76.52%.

Wall Street Analysts Forecast Growth

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

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.