BlackRock Inc. Boosts Position in LCNB Corp. (LCNB)

BlackRock Inc. raised its position in LCNB Corp. (NASDAQ:LCNB) by 12.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 472,313 shares of the bank’s stock after buying an additional 52,203 shares during the period. BlackRock Inc. owned about 4.70% of LCNB worth $9,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in LCNB by 41.1% in the first quarter. Dimensional Fund Advisors LP now owns 129,016 shares of the bank’s stock valued at $2,451,000 after buying an additional 37,612 shares in the last quarter. Martingale Asset Management L P increased its holdings in LCNB by 62.2% in the second quarter. Martingale Asset Management L P now owns 35,214 shares of the bank’s stock valued at $694,000 after buying an additional 13,505 shares in the last quarter. Millennium Management LLC purchased a new position in LCNB in the first quarter valued at $547,000. Strs Ohio increased its holdings in LCNB by 23.4% in the second quarter. Strs Ohio now owns 19,500 shares of the bank’s stock valued at $384,000 after buying an additional 3,700 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in LCNB in the second quarter valued at $269,000. 28.27% of the stock is owned by institutional investors.

A number of research analysts have weighed in on LCNB shares. ValuEngine cut shares of LCNB from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Zacks Investment Research cut shares of LCNB from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. BidaskClub raised shares of LCNB from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of LCNB in a report on Tuesday, October 23rd.

LCNB opened at $16.84 on Monday. LCNB Corp. has a fifty-two week low of $16.62 and a fifty-two week high of $22.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $223.97 million, a price-to-earnings ratio of 13.26 and a beta of 0.38.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Friday, October 19th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $16.02 million during the quarter, compared to analysts’ expectations of $16.92 million. LCNB had a net margin of 20.37% and a return on equity of 8.60%. As a group, equities analysts anticipate that LCNB Corp. will post 1.4 EPS for the current year.

About LCNB

LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit. The company's loan portfolio comprises commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.

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Institutional Ownership by Quarter for LCNB (NASDAQ:LCNB)

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