Empowered Funds LLC Purchases Shares of 81,330 LCNB Corporation $LCNB

Empowered Funds LLC bought a new position in LCNB Corporation (NASDAQ:LCNB) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 81,330 shares of the bank’s stock, valued at approximately $1,431,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in shares of LCNB in the second quarter worth about $25,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of LCNB by 57.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock valued at $27,000 after acquiring an additional 603 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in LCNB in the 2nd quarter worth approximately $50,000. BNP Paribas Financial Markets lifted its stake in LCNB by 182.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock valued at $54,000 after acquiring an additional 2,328 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of LCNB by 202.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock valued at $55,000 after buying an additional 2,546 shares during the period. Institutional investors own 34.73% of the company’s stock.

LCNB Trading Up 2.3%

LCNB stock opened at $19.53 on Friday. The firm’s 50-day moving average is $19.20 and its 200 day moving average is $17.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. LCNB Corporation has a 12 month low of $14.31 and a 12 month high of $21.32. The company has a market capitalization of $278.40 million, a PE ratio of 11.29 and a beta of 0.55.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The company had revenue of $25.14 million for the quarter, compared to analysts’ expectations of $24.00 million. On average, research analysts anticipate that LCNB Corporation will post 1.73 EPS for the current year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.5%. LCNB’s dividend payout ratio (DPR) is currently 50.87%.

Analysts Set New Price Targets

Several analysts have issued reports on LCNB shares. Weiss Ratings raised LCNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Wall Street Zen lowered LCNB from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Zacks Research upgraded shares of LCNB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.