10,576 Shares in LCNB Corporation $LCNB Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. bought a new position in LCNB Corporation (NASDAQ:LCNB) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,576 shares of the bank’s stock, valued at approximately $154,000.

Several other large investors have also recently bought and sold shares of the company. MAI Capital Management bought a new stake in shares of LCNB during the first quarter worth about $32,000. Allworth Financial LP boosted its position in LCNB by 100.0% during the 1st quarter. Allworth Financial LP now owns 6,570 shares of the bank’s stock worth $95,000 after buying an additional 3,285 shares during the period. NewEdge Advisors LLC acquired a new stake in LCNB during the 1st quarter worth approximately $206,000. Nuveen LLC bought a new stake in LCNB during the 1st quarter worth approximately $228,000. Finally, Hsbc Holdings PLC acquired a new position in LCNB in the 1st quarter valued at approximately $236,000. 34.73% of the stock is currently owned by institutional investors.

LCNB Stock Up 0.5%

Shares of NASDAQ LCNB opened at $15.55 on Friday. The company has a market capitalization of $220.44 million, a P/E ratio of 9.31 and a beta of 0.59. LCNB Corporation has a 52-week low of $13.34 and a 52-week high of $17.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50 day moving average price is $15.37 and its 200-day moving average price is $15.08.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings data on Wednesday, August 28th. The bank reported $0.45 earnings per share for the quarter. LCNB had a net margin of 18.63% and a return on equity of 9.15%. The company had revenue of $17.82 million during the quarter. Equities analysts forecast that LCNB Corporation will post 1.65 earnings per share for the current year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.88 annualized dividend and a dividend yield of 5.7%. LCNB’s dividend payout ratio (DPR) is 52.69%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of LCNB from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LCNB in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.25.

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.