LCNB Corp. (NASDAQ:LCNB - Get Free Report) EVP Lawrence P. Jr. Mulligan acquired 1,000 shares of the firm's stock in a transaction dated 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 acquisition, the executive vice president now directly owns 25,977 shares of the company's stock, valued at approximately $437,192.91. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
LCNB Trading Down 1.6 %
Shares of LCNB opened at $16.88 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $238.85 million, a P/E ratio of 33.10 and a beta of 0.75. The stock's fifty day simple moving average is $15.33 and its 200 day simple moving average is $14.66. LCNB Corp. has a twelve month low of $12.42 and a twelve month high of $17.27.
LCNB (NASDAQ:LCNB - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. LCNB had a return on equity of 6.49% and a net margin of 5.88%. The business had revenue of $32.81 million for the quarter, compared to analyst estimates of $21.30 million. On average, equities research analysts forecast that LCNB Corp. will post 1.09 earnings per share for the current year.
LCNB Announces Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Tuesday, September 3rd. LCNB's dividend payout ratio (DPR) is presently 172.55%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised LCNB from a "sell" rating to a "hold" rating in a research report on Wednesday, September 18th.
Get Our Latest Analysis on LCNB
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in LCNB in the third quarter valued at about $50,000. BNP Paribas Financial Markets grew its stake in shares of LCNB by 70.6% during the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank's stock valued at $90,000 after acquiring an additional 2,329 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of LCNB during the second quarter valued at about $160,000. Financial Counselors Inc. acquired a new stake in shares of LCNB during the second quarter valued at about $172,000. Finally, Rhumbline Advisers grew its stake in shares of LCNB by 10.4% during the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank's stock valued at $179,000 after acquiring an additional 1,207 shares in the last quarter. 34.73% of the stock is owned by hedge funds and other institutional investors.
LCNB Company Profile
(
Get Free Report)
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.
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