LCNB Corp. (NASDAQ:LCNB) EVP Acquires $35,750.00 in Stock

LCNB Corp. (NASDAQ:LCNBGet Free Report) EVP Lawrence P. Jr. Mulligan acquired 2,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $14.30 per share, for a total transaction of $35,750.00. Following the acquisition, the executive vice president now directly owns 18,939 shares in the company, valued at $270,827.70. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

LCNB Stock Up 0.9 %

LCNB stock opened at $14.14 on Monday. The business’s 50 day simple moving average is $15.37 and its 200 day simple moving average is $15.16. The firm has a market capitalization of $157.24 million, a PE ratio of 12.40 and a beta of 0.74. LCNB Corp. has a 1-year low of $12.78 and a 1-year high of $18.89. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.56.

LCNB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.22 per share. This is an increase from LCNB’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend was Thursday, November 30th. LCNB’s dividend payout ratio is currently 77.19%.

Institutional Trading of LCNB

Several institutional investors and hedge funds have recently modified their holdings of LCNB. AlphaMark Advisors LLC bought a new stake in shares of LCNB during the 4th quarter worth $26,000. Allspring Global Investments Holdings LLC acquired a new position in LCNB in the 3rd quarter worth about $36,000. BNP Paribas Arbitrage SNC acquired a new position in LCNB in the 2nd quarter worth about $40,000. Tower Research Capital LLC TRC increased its holdings in LCNB by 898.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,427 shares of the bank’s stock worth $40,000 after purchasing an additional 2,184 shares in the last quarter. Finally, California State Teachers Retirement System acquired a new position in LCNB in the 2nd quarter worth about $52,000. 38.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, cut LCNB from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

Get Our Latest Stock Report on LCNB

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.

Further Reading

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