Segall Bryant & Hamill LLC Takes Position in LCNB Corporation $LCNB

Segall Bryant & Hamill LLC bought a new position in LCNB Corporation (NASDAQ:LCNB) during the first quarter, according to its most recent filing with the SEC. The firm bought 48,158 shares of the bank’s stock, valued at approximately $802,000. Segall Bryant & Hamill LLC owned approximately 0.34% of LCNB as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Bank of America Corp DE increased its stake in LCNB by 5.9% during the 1st quarter. Bank of America Corp DE now owns 37,411 shares of the bank’s stock valued at $583,000 after purchasing an additional 2,079 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of LCNB by 6.6% during the first quarter. Empowered Funds LLC now owns 76,829 shares of the bank’s stock valued at $1,198,000 after buying an additional 4,723 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of LCNB by 13.2% during the first quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock worth $2,436,000 after acquiring an additional 18,167 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of LCNB by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after acquiring an additional 28,883 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of LCNB by 28.1% in the 1st quarter. Hsbc Holdings PLC now owns 44,165 shares of the bank’s stock worth $685,000 after acquiring an additional 9,699 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Stock Performance

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 cap of $280.36 million, a PE ratio of 11.38 and a beta of 0.56. The business has a 50 day moving average of $18.10 and a 200-day moving average of $17.16. LCNB Corporation has a 12-month low of $14.20 and a 12-month high of $21.32.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. LCNB had a return on equity of 8.98% and a net margin of 19.69%.The business had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. As a group, sell-side analysts expect that LCNB Corporation will post 1.73 earnings per share for the current year.

LCNB Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on LCNB. Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. Zacks Research raised LCNB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

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.