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

LCNB Corp. (NASDAQ:LCNB) EVP Lawrence P. Jr. Mulligan bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost 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 of the company’s stock, valued at $437,192.91. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

LCNB Trading Down 1.6 %

Shares of LCNB stock traded down $0.28 during trading hours on Thursday, reaching $16.88. The company’s stock had a trading volume of 25,167 shares, compared to its average volume of 24,745. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66. LCNB Corp. has a one year low of $12.42 and a one year high of $17.27. The stock has a market capitalization of $238.85 million, a P/E ratio of 33.65 and a beta of 0.75. The firm’s fifty day simple moving average is $15.31 and its 200 day simple moving average is $14.65.

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

LCNB Announces Dividend

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

Institutional Investors Weigh In On LCNB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of LCNB by 43.2% during the first quarter. Vanguard Group Inc. now owns 766,198 shares of the bank’s stock valued at $12,213,000 after purchasing an additional 231,035 shares during the last quarter. Souders Financial Advisors purchased a new stake in shares of LCNB in the second quarter worth $231,000. Financial Counselors Inc. bought a new position in shares of LCNB during the second quarter valued at $172,000. Johnson Investment Counsel Inc. raised its position in shares of LCNB by 10.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 125,513 shares of the bank’s stock worth $1,746,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in LCNB in the 2nd quarter worth about $160,000. 34.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

LCNB Company Profile

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.