Robert A. Bedinghaus Acquires 1,000 Shares of LCNB Corp. (NASDAQ:LCNB) Stock

LCNB Corp. (NASDAQ:LCNBGet 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

Several large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in LCNB by 8.1% during the 4th quarter. Wells Fargo & Company MN now owns 10,054 shares of the bank’s stock worth $181,000 after buying an additional 750 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of LCNB by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,433 shares of the bank’s stock valued at $96,000 after purchasing an additional 812 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of LCNB by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 32,956 shares of the bank’s stock valued at $579,000 after acquiring an additional 816 shares during the period. Private Wealth Strategies L.L.C. grew its position in LCNB by 2.7% during the 4th quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock worth $492,000 after purchasing an additional 819 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in LCNB by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 69,063 shares of the bank’s stock valued at $1,095,000 after acquiring an additional 1,026 shares during the period. Hedge funds and other institutional investors own 38.14% of the company’s stock.

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.

Check Out Our Latest Analysis 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.

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

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