Segall Bryant & Hamill LLC Invests $814,000 in LCNB Corp. (NASDAQ:LCNB)

Segall Bryant & Hamill LLC acquired a new stake in LCNB Corp. (NASDAQ:LCNB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,806 shares of the bank’s stock, valued at approximately $814,000. Segall Bryant & Hamill LLC owned 0.38% of LCNB at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in LCNB by 268.9% in 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 during the period. Raymond James Financial Inc. bought a new stake in shares of LCNB in the fourth quarter valued at about $330,000. Connor Clark & Lunn Investment Management Ltd. grew its position in LCNB by 117.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank’s stock worth $383,000 after buying an additional 13,716 shares in the last quarter. Baker Ellis Asset Management LLC increased its stake in LCNB by 23.6% during the fourth quarter. Baker Ellis Asset Management LLC now owns 26,200 shares of the bank’s stock valued at $396,000 after acquiring an additional 5,000 shares during the period. Finally, Barclays PLC raised its holdings in LCNB by 79.3% in the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock valued at $419,000 after acquiring an additional 12,322 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

Wall Street Analysts Forecast Growth

LCNB has been the topic of a number of research reports. StockNews.com upgraded LCNB from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Hovde Group assumed coverage on shares of LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 price target on the stock.

LCNB Stock Performance

NASDAQ:LCNB opened at $14.97 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $15.08 and a 200 day moving average price of $15.53. The firm has a market capitalization of $211.95 million, a PE ratio of 15.43 and a beta of 0.79. LCNB Corp. has a 12-month low of $12.42 and a 12-month high of $17.92.

LCNB (NASDAQ:LCNB) last issued its earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. Research analysts anticipate that LCNB Corp. will post 1.65 earnings per share for the current fiscal year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.88%. LCNB’s dividend payout ratio is presently 90.72%.

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.