LCNB Corp. (NASDAQ:LCNB) Director Buys $13,400.00 in Stock

LCNB Corp. (NASDAQ:LCNB) Director Robert A. Bedinghaus bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $13.40 per share, for a total transaction of $13,400.00. Following the acquisition, the director now owns 49,533 shares of the company’s stock, valued at $663,742.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

LCNB Price Performance

NASDAQ:LCNB traded down $0.09 during midday trading on Tuesday, hitting $13.24. 8,546 shares of the stock were exchanged, compared to its average volume of 27,686. The company has a market capitalization of $187.21 million, a price-to-earnings ratio of 14.49 and a beta of 0.76. LCNB Corp. has a one year low of $12.42 and a one year high of $17.25. The business has a 50-day moving average price of $14.04 and a two-hundred day moving average price of $14.47. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.70.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 6.65%. LCNB’s dividend payout ratio is currently 95.65%.

Hedge Funds Weigh In On LCNB

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCNB. New York State Common Retirement Fund grew its position in LCNB by 427.8% during the 4th quarter. New York State Common Retirement Fund now owns 4,697 shares of the bank’s stock worth $74,000 after purchasing an additional 3,807 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of LCNB by 70.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock valued at $90,000 after acquiring an additional 2,329 shares in the last quarter. Financial Counselors Inc. purchased a new position in shares of LCNB during the 2nd quarter valued at $172,000. Baker Ellis Asset Management LLC purchased a new position in shares of LCNB during the 1st quarter valued at $175,000. Finally, Rhumbline Advisers grew its holdings in shares of LCNB by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock valued at $179,000 after acquiring an additional 1,207 shares in the last quarter. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

About LCNB

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.