LCNB Corp. (NASDAQ:LCNB – Get Free Report) Director Robert A. Bedinghaus acquired 1,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $14.36 per share, for a total transaction of $14,360.00. Following the completion of the purchase, the director now owns 47,533 shares of the company’s stock, valued at approximately $682,573.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
LCNB Stock Performance
LCNB opened at $14.29 on Tuesday. The firm has a fifty day moving average price of $15.36 and a 200 day moving average price of $15.13. The stock has a market cap of $158.90 million, a P/E ratio of 12.54 and a beta of 0.74. LCNB Corp. has a 1 year low of $12.78 and a 1 year high of $18.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 0.90.
LCNB Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.16%. This is a boost from LCNB’s previous quarterly dividend of $0.21. LCNB’s dividend payout ratio is presently 77.19%.
Institutional Trading of LCNB
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday.
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.
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