Lawrence P. Jr. Mulligan Buys 2,500 Shares of LCNB Corp. (NASDAQ:LCNB) Stock

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

LCNB Stock Up 0.9 %

LCNB stock opened at $14.14 on Friday. LCNB Corp. has a 1-year low of $12.78 and a 1-year high of $18.89. The business has a fifty day moving average price of $15.37 and a 200-day moving average price of $15.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $157.24 million, a P/E ratio of 12.40 and a beta of 0.74.

LCNB Increases Dividend

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

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on LCNB

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AlphaMark Advisors LLC purchased a new stake in LCNB during the fourth quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new stake in LCNB during the third quarter valued at $36,000. BNP Paribas Arbitrage SNC purchased a new stake in LCNB during the second quarter valued at $40,000. Tower Research Capital LLC TRC increased its position in LCNB by 898.8% during the first quarter. Tower Research Capital LLC TRC now owns 2,427 shares of the bank’s stock valued at $40,000 after acquiring an additional 2,184 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new stake in LCNB during the second quarter valued at $52,000. Hedge funds and other institutional investors own 38.14% of the company’s stock.

About LCNB

(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

Insider Buying and Selling by Quarter for LCNB (NASDAQ:LCNB)

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