Kapstone Financial Advisors LLC Buys 4,598 Shares of LCNB Corp. (NASDAQ:LCNB)

by · The Cerbat Gem

Kapstone Financial Advisors LLC increased its stake in shares of LCNB Corp. (NASDAQ:LCNB – Free Report) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,505 shares of the bank’s stock after purchasing an additional 4,598 shares during the period. LCNB makes up 0.8% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Kapstone Financial Advisors LLC owned 0.65% of LCNB worth $1,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LCNB. Bank of New York Mellon Corp grew its stake in shares of LCNB by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank’s stock valued at $776,000 after purchasing an additional 1,773 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of LCNB by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,803 shares of the bank’s stock worth $527,000 after buying an additional 750 shares during the last quarter. Raymond James Financial Inc. bought a new stake in LCNB during the fourth quarter valued at approximately $330,000. Johnson Investment Counsel Inc. increased its holdings in LCNB by 15.2% during the fourth quarter. Johnson Investment Counsel Inc. now owns 157,783 shares of the bank’s stock valued at $2,387,000 after buying an additional 20,812 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in LCNB by 56.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,687 shares of the bank’s stock worth $600,000 after acquiring an additional 14,274 shares during the period. Institutional investors own 34.73% of the company’s stock.

LCNB Stock Performance

NASDAQ:LCNB opened at $14.00 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The stock has a 50-day simple moving average of $14.50 and a two-hundred day simple moving average of $15.17. The firm has a market capitalization of $198.34 million, a PE ratio of 14.43 and a beta of 0.64. LCNB Corp. has a 52-week low of $12.42 and a 52-week high of $17.92.

LCNB (NASDAQ:LCNB – Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $21.52 million for the quarter, compared to the consensus estimate of $15.80 million. LCNB had a net margin of 10.76% and a return on equity of 7.12%. Analysts forecast that LCNB Corp. will post 1.65 EPS for the current year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.29%. The ex-dividend date is Monday, June 2nd. LCNB’s dividend payout ratio is currently 76.52%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of LCNB from a “hold” rating to a “buy” rating in a research report on Friday, May 30th.

Read Our Latest Stock Analysis on LCNB

LCNB Company Profile

(Free Report)

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.

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