Raymond James Financial Inc. Buys New Holdings in LCNB Corp. (NASDAQ:LCNB)

Raymond James Financial Inc. bought a new stake in shares of LCNB Corp. (NASDAQ:LCNB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,792 shares of the bank's stock, valued at approximately $330,000. Raymond James Financial Inc. owned 0.15% of LCNB as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in LCNB. JPMorgan Chase & Co. boosted its stake in shares of LCNB by 268.9% during the 3rd 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 in the last quarter. Baker Ellis Asset Management LLC grew its position in shares of 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 buying an additional 5,000 shares during the period. Barclays PLC grew its holdings in LCNB by 79.3% in the third quarter. Barclays PLC now owns 27,855 shares of the bank's stock worth $419,000 after purchasing an additional 12,322 shares during the period. Wells Fargo & Company MN increased its stake in shares of LCNB by 24.2% during the fourth quarter. Wells Fargo & Company MN now owns 28,950 shares of the bank's stock valued at $438,000 after purchasing an additional 5,639 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of LCNB during the fourth quarter valued at approximately $484,000. Institutional investors own 34.73% of the company's stock.

LCNB Stock Performance

LCNB stock traded up $0.37 during midday trading on Thursday, reaching $15.61. 1,247 shares of the company traded hands, compared to its average volume of 22,793. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. LCNB Corp. has a 12 month low of $12.42 and a 12 month high of $17.92. The firm has a market capitalization of $221.08 million, a price-to-earnings ratio of 15.90 and a beta of 0.64. The business has a 50 day moving average of $14.55 and a two-hundred day moving average of $15.37.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its 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 business had revenue of $21.52 million for the quarter, compared to the consensus estimate of $15.80 million. LCNB had a net margin of 10.76% and a return on equity of 7.12%. As a group, research analysts predict that LCNB Corp. will post 1.65 earnings per share for the current year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.64%. The ex-dividend date was Monday, March 3rd. LCNB's dividend payout ratio (DPR) is currently 76.52%.

Analyst Upgrades and Downgrades

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

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.