Segall Bryant & Hamill LLC Invests $802,000 in LCNB Corporation $LCNB

Segall Bryant & Hamill LLC acquired a new stake in LCNB Corporation (NASDAQ:LCNB) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 48,158 shares of the bank’s stock, valued at approximately $802,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in shares of LCNB in the first quarter valued at $206,000. Goldman Sachs Group Inc. grew its stake in shares of LCNB by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank’s stock worth $574,000 after acquiring an additional 1,851 shares during the period. Empowered Funds LLC increased its holdings in LCNB by 7.0% in the 1st quarter. Empowered Funds LLC now owns 52,377 shares of the bank’s stock worth $775,000 after acquiring an additional 3,421 shares during the last quarter. Geode Capital Management LLC increased its holdings in LCNB by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 326,509 shares of the bank’s stock worth $4,746,000 after acquiring an additional 16,739 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in LCNB by 39.3% in the 2nd quarter. Rhumbline Advisers now owns 16,605 shares of the bank’s stock valued at $241,000 after acquiring an additional 4,685 shares during the period. 34.73% of the stock is owned by institutional investors.

LCNB Stock Down 3.6%

LCNB stock opened at $19.68 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $280.36 million, a PE ratio of 11.38 and a beta of 0.56. LCNB Corporation has a twelve month low of $14.20 and a twelve month high of $21.32. The stock has a 50-day simple moving average of $18.10 and a two-hundred day simple moving average of $17.16.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.98% and a net margin of 19.69%.The firm had revenue of $25.14 million for the quarter, compared to analysts’ expectations of $24.00 million. On average, equities analysts predict that LCNB Corporation will post 1.73 EPS for the current fiscal year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 1st. LCNB’s dividend payout ratio is 50.87%.

Analysts Set New Price Targets

Several equities research analysts have commented on LCNB shares. Zacks Research raised shares of LCNB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

LCNB Profile

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.