LCNB Corporation (LCNB) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. cut its position in LCNB Corporation (NASDAQ:LCNB) by 19.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,463 shares of the bank’s stock after selling 2,041 shares during the period. Goldman Sachs Group Inc. owned approximately 0.08% of LCNB Corporation worth $202,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of LCNB Corporation by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 12,467 shares of the bank’s stock worth $297,000 after buying an additional 352 shares in the last quarter. American International Group Inc. raised its position in shares of LCNB Corporation by 7.2% in the first quarter. American International Group Inc. now owns 5,427 shares of the bank’s stock worth $129,000 after buying an additional 365 shares in the last quarter. Cutter & CO Brokerage Inc. raised its position in shares of LCNB Corporation by 5.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 19,134 shares of the bank’s stock worth $456,000 after buying an additional 924 shares in the last quarter. Teachers Advisors LLC raised its position in shares of LCNB Corporation by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 15,326 shares of the bank’s stock worth $356,000 after buying an additional 1,076 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of LCNB Corporation by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 21,966 shares of the bank’s stock worth $524,000 after buying an additional 1,867 shares in the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.
Shares of LCNB Corporation (LCNB) traded up 0.87% during trading on Wednesday, reaching $18.65. The company’s stock had a trading volume of 187 shares. The company has a 50 day moving average of $19.67 and a 200 day moving average of $21.11. The company has a market cap of $186.65 million, a PE ratio of 14.57 and a beta of 0.35. LCNB Corporation has a 12-month low of $16.55 and a 12-month high of $25.00.
LCNB Corporation (NASDAQ:LCNB) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $12.86 million for the quarter, compared to analyst estimates of $12.77 million. LCNB Corporation had a return on equity of 8.78% and a net margin of 23.44%. On average, analysts anticipate that LCNB Corporation will post $1.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.43%. LCNB Corporation’s dividend payout ratio is currently 50.00%.
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A number of equities analysts have weighed in on the company. Zacks Investment Research lowered LCNB Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Boenning Scattergood restated a “hold” rating on shares of LCNB Corporation in a research note on Wednesday, July 19th. Finally, ValuEngine upgraded LCNB Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
LCNB Corporation Company Profile
LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.
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