HORAN Wealth LLC Buys Shares of 75,242 LCNB Corporation $LCNB

HORAN Wealth LLC purchased a new position in shares of LCNB Corporation (NASDAQ:LCNB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 75,242 shares of the bank’s stock, valued at approximately $1,128,000.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in LCNB during the first quarter worth about $206,000. Goldman Sachs Group Inc. lifted its stake in LCNB by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank’s stock valued at $574,000 after buying an additional 1,851 shares in the last quarter. Empowered Funds LLC grew its holdings in LCNB by 7.0% during the 1st quarter. Empowered Funds LLC now owns 52,377 shares of the bank’s stock valued at $775,000 after buying an additional 3,421 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in LCNB during the second quarter worth $154,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LCNB by 6.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,744 shares of the bank’s stock worth $795,000 after acquiring an additional 3,138 shares during the last quarter. 34.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised LCNB from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, LCNB presently has a consensus rating of “Buy”.

LCNB Price Performance

LCNB stock opened at $17.85 on Thursday. The stock has a market capitalization of $253.29 million, a price-to-earnings ratio of 10.95 and a beta of 0.58. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.39. LCNB Corporation has a 52-week low of $13.34 and a 52-week high of $17.89. The stock’s fifty day simple moving average is $16.72 and its 200-day simple moving average is $15.84.

LCNB (NASDAQ:LCNB) last released its earnings results on Thursday, January 29th. The bank reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $23.86 million for the quarter, compared to analysts’ expectations of $17.90 million. LCNB had a return on equity of 8.76% and a net margin of 18.57%. Equities research analysts expect that LCNB Corporation will post 1.65 EPS for the current year.

LCNB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, December 1st. LCNB’s payout ratio is presently 53.99%.

Insider Transactions at LCNB

In other LCNB news, Director William G. Huddle sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the transaction, the director owned 15,530 shares of the company’s stock, valued at $240,870.30. This trade represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.02% of the company’s stock.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.