Separately, Zacks Investment Research raised shares of LCNB from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th.
Shares of LCNB stock traded down $0.13 during trading on Thursday, hitting $17.64. The company’s stock had a trading volume of 10,206 shares, compared to its average volume of 15,370. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. LCNB has a 52 week low of $14.56 and a 52 week high of $20.65. The stock has a market capitalization of $236.49 million, a PE ratio of 12.69 and a beta of 0.53. The firm’s 50-day moving average is $18.11.
In other LCNB news, insider John F. Smiley sold 1,384 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $18.26, for a total transaction of $25,271.84. Following the sale, the insider now owns 110,399 shares of the company’s stock, valued at $2,015,885.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John F. Smiley sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the sale, the insider now directly owns 128,212 shares in the company, valued at approximately $2,179,604. The disclosure for this sale can be found here. Insiders have sold 37,512 shares of company stock worth $655,176 in the last ninety days. Insiders own 6.45% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of LCNB. BNP Paribas Arbitrage SA boosted its position in LCNB by 492.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,609 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of LCNB during the second quarter valued at about $110,000. FineMark National Bank & Trust acquired a new position in shares of LCNB during the first quarter valued at about $205,000. Millennium Management LLC raised its holdings in shares of LCNB by 71.9% during the fourth quarter. Millennium Management LLC now owns 18,994 shares of the bank’s stock valued at $288,000 after purchasing an additional 7,946 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of LCNB during the second quarter valued at about $394,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.
LCNB Company Profile
LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.
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