81,330 Shares in LCNB Corporation $LCNB Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in shares of LCNB Corporation (NASDAQ:LCNB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 81,330 shares of the bank’s stock, valued at approximately $1,431,000. Empowered Funds LLC owned 0.57% of LCNB as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. bought a new position in LCNB during the second quarter worth $16,885,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of LCNB during the second quarter valued at approximately $1,085,000. Bank of New York Mellon Corp acquired a new position in shares of LCNB during the second quarter worth approximately $1,008,000. Hsbc Holdings PLC bought a new position in shares of LCNB in the 2nd quarter worth $849,000. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of LCNB during the first quarter worth about $802,000. 34.73% of the stock is currently owned by institutional investors.

LCNB Price Performance

Shares of NASDAQ:LCNB opened at $19.53 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $278.40 million, a PE ratio of 11.29 and a beta of 0.55. LCNB Corporation has a twelve month low of $14.31 and a twelve month high of $21.32. The company has a 50-day moving average price of $19.20 and a two-hundred day moving average price of $17.52.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The company had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. LCNB had a net margin of 19.69% and a return on equity of 8.92%. Equities analysts forecast that LCNB Corporation will post 1.73 EPS for the current year.

LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 1st. LCNB’s dividend payout ratio (DPR) is presently 50.87%.

Analysts Set New Price Targets

LCNB has been the subject of a number of recent research reports. Zacks Research raised LCNB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Wall Street Zen lowered LCNB from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings raised LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.