LCNB Corp. (NASDAQ:LCNB) EVP Lawrence P. Jr. Mulligan Acquires 1,000 Shares of Stock

LCNB Corp. (NASDAQ:LCNB) EVP Lawrence P. Jr. Mulligan acquired 1,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $16.83 per share, with a total value of $16,830.00. Following the completion of the transaction, the executive vice president now owns 25,977 shares in the company, valued at approximately $437,192.91. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LCNB Stock Down 1.6 %

LCNB stock opened at $16.88 on Friday. The stock has a 50-day simple moving average of $15.33 and a 200-day simple moving average of $14.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.93. The company has a market capitalization of $238.85 million, a P/E ratio of 33.10 and a beta of 0.75. LCNB Corp. has a fifty-two week low of $12.42 and a fifty-two week high of $17.27.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $32.81 million for the quarter, compared to analysts’ expectations of $21.30 million. LCNB had a return on equity of 6.49% and a net margin of 5.88%. Equities research analysts expect that LCNB Corp. will post 1.09 earnings per share for the current year.

LCNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Tuesday, September 3rd. LCNB’s dividend payout ratio is currently 172.55%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised LCNB from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th.

Institutional Investors Weigh In On LCNB

Institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in LCNB by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 55,826 shares of the bank’s stock valued at $841,000 after buying an additional 2,814 shares during the last quarter. Allworth Financial LP acquired a new stake in LCNB during the 3rd quarter valued at $50,000. Souders Financial Advisors acquired a new stake in LCNB during the 2nd quarter valued at $231,000. Kimelman & Baird LLC acquired a new stake in LCNB during the 2nd quarter valued at $160,000. Finally, Renaissance Technologies LLC grew its holdings in LCNB by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 114,916 shares of the bank’s stock valued at $1,598,000 after buying an additional 5,700 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

About LCNB

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.