LCNB Corp. (NASDAQ:LCNB) EVP Buys $16,830.00 in Stock

LCNB Corp. (NASDAQ:LCNB) EVP Lawrence P. Jr. Mulligan bought 1,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were acquired at an average price of $16.83 per share, for a total transaction of $16,830.00. Following the completion of the purchase, the executive vice president now owns 25,977 shares in the company, valued at approximately $437,192.91. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

LCNB Stock Performance

Shares of LCNB traded down $0.28 during mid-day trading on Thursday, hitting $16.88. 25,167 shares of the company traded hands, compared to its average volume of 24,745. The stock has a market cap of $238.85 million, a price-to-earnings ratio of 33.65 and a beta of 0.75. The stock has a 50-day moving average price of $15.31 and a two-hundred day moving average price of $14.65. LCNB Corp. has a 1 year low of $12.42 and a 1 year high of $17.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.93.

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

LCNB Announces Dividend

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

Institutional Investors Weigh In On LCNB

Large investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in shares of LCNB by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after purchasing an additional 1,207 shares during the period. Cutter & CO Brokerage Inc. raised its position in LCNB by 12.6% in the second quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock worth $220,000 after acquiring an additional 1,772 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of LCNB by 70.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock worth $90,000 after acquiring an additional 2,329 shares during the last quarter. Empowered Funds LLC grew its position in shares of 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 acquiring an additional 2,814 shares during the period. Finally, Allworth Financial LP purchased a new stake in shares of LCNB in the 3rd quarter worth $50,000. 34.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.