Lenox Wealth Management Inc. Takes Position in LCNB Corp. (NASDAQ:LCNB)

Lenox Wealth Management Inc. bought a new stake in shares of LCNB Corp. (NASDAQ:LCNB) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 122,181 shares of the bank’s stock, valued at approximately $2,167,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LCNB. BlackRock Inc. lifted its holdings in shares of LCNB by 46.3% during the second quarter. BlackRock Inc. now owns 669,564 shares of the bank’s stock valued at $12,723,000 after purchasing an additional 211,752 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of LCNB by 27.3% during the second quarter. Vanguard Group Inc. now owns 586,345 shares of the bank’s stock valued at $11,141,000 after purchasing an additional 125,916 shares during the last quarter. Wealthquest Corp purchased a new stake in shares of LCNB during the third quarter valued at $1,118,000. Advanced Asset Management Advisors Inc purchased a new stake in LCNB in the 3rd quarter worth about $883,000. Finally, JPMorgan Chase & Co. lifted its stake in LCNB by 1,797.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 41,628 shares of the bank’s stock worth $798,000 after acquiring an additional 39,434 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

LCNB stock traded down $0.36 during mid-day trading on Friday, hitting $17.76. The company’s stock had a trading volume of 10,000 shares, compared to its average volume of 23,351. The company has a market cap of $235.26 million, a PE ratio of 12.78 and a beta of 0.56. The firm’s 50 day moving average is $17.62 and its 200 day moving average is $17.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91. LCNB Corp. has a 52-week low of $14.56 and a 52-week high of $19.94.

LCNB (NASDAQ:LCNB) last released its earnings results on Monday, October 21st. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $16.93 million for the quarter, compared to analyst estimates of $16.74 million. LCNB had a return on equity of 8.79% and a net margin of 25.22%. As a group, analysts forecast that LCNB Corp. will post 1.45 EPS for the current year.

Several equities research analysts recently issued reports on the company. ValuEngine downgraded LCNB from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Boenning Scattergood reissued a “neutral” rating on shares of LCNB in a research note on Thursday, October 31st. Finally, Zacks Investment Research downgraded LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th.

In related news, EVP John F. Smiley sold 1,416 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $18.08, for a total transaction of $25,601.28. Following the completion of the transaction, the executive vice president now owns 108,983 shares in the company, valued at approximately $1,970,412.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.45% of the company’s stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's 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.

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Institutional Ownership by Quarter for LCNB (NASDAQ:LCNB)

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