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

LCNB Corp. (NASDAQ:LCNB - Get Free Report) EVP Lawrence P. Jr. Mulligan bought 1,000 shares of the stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $14.37 per share, for a total transaction of $14,370.00. Following the acquisition, the executive vice president now directly owns 29,076 shares in the company, valued at approximately $417,822.12. This trade represents a 3.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LCNB Price Performance

Shares of LCNB traded up $0.03 during midday trading on Friday, hitting $14.43. 21,916 shares of the company traded hands, compared to its average volume of 22,779. LCNB Corp. has a one year low of $12.42 and a one year high of $17.92. The firm has a market cap of $204.43 million, a P/E ratio of 14.88 and a beta of 0.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The stock has a 50-day moving average of $14.56 and a 200-day moving average of $15.23.

LCNB (NASDAQ:LCNB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). LCNB had a return on equity of 7.12% and a net margin of 10.76%. The firm had revenue of $21.52 million for the quarter, compared to the consensus estimate of $15.80 million. As a group, sell-side analysts predict that LCNB Corp. will post 1.65 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.10%. LCNB's dividend payout ratio (DPR) is presently 76.52%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded LCNB from a "hold" rating to a "buy" rating in a research note on Friday.

Hedge Funds Weigh In On LCNB

A number of institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of LCNB by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,803 shares of the bank's stock worth $527,000 after acquiring an additional 750 shares during the last quarter. Baker Ellis Asset Management LLC lifted its stake in LCNB by 4.6% during the first quarter. Baker Ellis Asset Management LLC now owns 27,400 shares of the bank's stock worth $405,000 after purchasing an additional 1,200 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in LCNB by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank's stock worth $776,000 after purchasing an additional 1,773 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of LCNB by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank's stock worth $574,000 after purchasing an additional 1,851 shares in the last quarter. Finally, MAI Capital Management purchased a new position in shares of LCNB in the 1st quarter worth about $32,000. Institutional investors own 34.73% of the company's stock.

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.