Vanguard Group Inc. Buys 231,035 Shares of LCNB Corp. (NASDAQ:LCNB)

Vanguard Group Inc. boosted its holdings in LCNB Corp. (NASDAQ:LCNB) by 43.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,198 shares of the bank’s stock after buying an additional 231,035 shares during the period. Vanguard Group Inc. owned approximately 0.06% of LCNB worth $12,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Private Wealth Strategies L.L.C. grew its stake in LCNB by 2.7% in the 4th quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock valued at $492,000 after buying an additional 819 shares in the last quarter. Horan Securities Inc. purchased a new position in LCNB in the 4th quarter valued at approximately $1,178,000. Empowered Funds LLC grew its stake in LCNB by 8.1% in the 1st quarter. Empowered Funds LLC now owns 49,232 shares of the bank’s stock valued at $785,000 after buying an additional 3,675 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new position in LCNB in the 1st quarter valued at approximately $175,000. Finally, Panagora Asset Management Inc. purchased a new position in LCNB in the 4th quarter valued at approximately $273,000. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of LCNB from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

LCNB Stock Up 1.5 %

LCNB opened at $13.92 on Wednesday. The company has a fifty day moving average price of $13.99 and a 200-day moving average price of $14.41. The firm has a market capitalization of $196.87 million, a P/E ratio of 15.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.94 and a quick ratio of 0.90. LCNB Corp. has a one year low of $12.42 and a one year high of $17.09.

LCNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.32%. LCNB’s dividend payout ratio (DPR) is currently 95.65%.

LCNB Company Profile

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.