LCNB Corp. Plans Quarterly Dividend of $0.16 (LCNB)
LCNB Corp. (NASDAQ:LCNB) declared a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.16 per share on Thursday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, November 29th.
Shares of LCNB Corp. (NASDAQ:LCNB) traded up 6.83% during trading on Tuesday, hitting $21.90. The stock had a trading volume of 17,273 shares. The company has a market cap of $218.63 million, a PE ratio of 18.72 and a beta of 0.22. LCNB Corp. has a 12-month low of $15.07 and a 12-month high of $22.20. The stock’s 50 day moving average is $18.30 and its 200-day moving average is $17.48.
Several equities analysts recently weighed in on LCNB shares. FBR & Co reaffirmed a “hold” rating and issued a $19.00 price objective on shares of LCNB Corp. in a research note on Thursday, October 20th. Zacks Investment Research downgraded LCNB Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, October 21st.
In other LCNB Corp. news, EVP Eric J. Meilstrup sold 9,825 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $17.55, for a total transaction of $172,428.75. Following the completion of the transaction, the executive vice president now owns 11,653 shares of the company’s stock, valued at $204,510.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.69% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in LCNB. Morgan Stanley increased its position in LCNB Corp. by 114.7% in the third quarter. Morgan Stanley now owns 8,146 shares of the company’s stock valued at $149,000 after buying an additional 4,351 shares during the last quarter. Ameriprise Financial Inc. bought a new position in LCNB Corp. during the third quarter valued at $192,000. California State Teachers Retirement System increased its position in LCNB Corp. by 1.1% in the third quarter. California State Teachers Retirement System now owns 18,663 shares of the company’s stock valued at $340,000 after buying an additional 200 shares during the last quarter. Bank of New York Mellon Corp increased its position in LCNB Corp. by 28.1% in the third quarter. Bank of New York Mellon Corp now owns 32,335 shares of the company’s stock valued at $589,000 after buying an additional 7,085 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in LCNB Corp. by 3.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 58,401 shares of the company’s stock valued at $1,064,000 after buying an additional 1,704 shares during the last quarter. 28.22% of the stock is owned by institutional investors.
About LCNB Corp.
LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.
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