LCNB Corp. (NASDAQ:LCNB) Shares Sold by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lowered its holdings in LCNB Corp. (NASDAQ:LCNB) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 89,727 shares of the bank’s stock after selling 1,000 shares during the quarter. LCNB makes up 1.1% of Kapstone Financial Advisors LLC’s holdings, making the stock its 19th largest holding. Kapstone Financial Advisors LLC’s holdings in LCNB were worth $1,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AlphaMark Advisors LLC acquired a new stake in shares of LCNB in the fourth quarter valued at about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of LCNB in the third quarter valued at about $36,000. New York State Common Retirement Fund raised its position in shares of LCNB by 427.8% in the fourth quarter. New York State Common Retirement Fund now owns 4,697 shares of the bank’s stock valued at $74,000 after buying an additional 3,807 shares during the last quarter. Finally, Hengehold Capital Management LLC acquired a new stake in shares of LCNB in the fourth quarter valued at about $279,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

Insider Buying and Selling

In other news, EVP Lawrence P. Jr. Mulligan acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $13.95 per share, for a total transaction of $55,800.00. Following the completion of the transaction, the executive vice president now owns 16,439 shares in the company, valued at $229,324.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Lawrence P. Jr. Mulligan purchased 2,500 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $14.30 per share, for a total transaction of $35,750.00. Following the completion of the transaction, the executive vice president now directly owns 18,939 shares in the company, valued at $270,827.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lawrence P. Jr. Mulligan purchased 4,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $13.95 per share, with a total value of $55,800.00. Following the completion of the transaction, the executive vice president now owns 16,439 shares of the company’s stock, valued at $229,324.05. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 9,476 shares of company stock worth $133,651. Insiders own 5.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of LCNB from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th.

LCNB Price Performance

Shares of NASDAQ LCNB traded up $0.07 during mid-day trading on Friday, reaching $15.24. The company’s stock had a trading volume of 16,804 shares, compared to its average volume of 17,833. The stock has a 50-day moving average of $14.74 and a two-hundred day moving average of $14.84. The stock has a market capitalization of $201.47 million, a P/E ratio of 13.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. LCNB Corp. has a 1-year low of $12.78 and a 1-year high of $17.72.

LCNB (NASDAQ:LCNB) last issued its earnings results on Wednesday, January 31st. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). LCNB had a net margin of 13.29% and a return on equity of 8.31%. The business had revenue of $19.27 million during the quarter, compared to analyst estimates of $18.30 million. On average, equities research analysts anticipate that LCNB Corp. will post 1.44 EPS for the current fiscal year.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.77%. The ex-dividend date was Thursday, February 29th. LCNB’s payout ratio is currently 77.19%.

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.