Mackay Shields LLC decreased its position in LCNB Corp. (NASDAQ:LCNB) by 28.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,962 shares of the bank’s stock after selling 6,500 shares during the quarter. Mackay Shields LLC owned 0.12% of LCNB worth $283,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of LCNB. BlackRock Inc. grew its position in LCNB by 46.3% in the second quarter. BlackRock Inc. now owns 669,564 shares of the bank’s stock valued at $12,723,000 after acquiring an additional 211,752 shares in the last quarter. Vanguard Group Inc. grew its position in shares of LCNB by 27.3% during the second quarter. Vanguard Group Inc. now owns 586,345 shares of the bank’s stock worth $11,141,000 after buying an additional 125,916 shares in the last quarter. Wealthquest Corp acquired a new stake in shares of LCNB during the third quarter worth approximately $1,118,000. Advanced Asset Management Advisors Inc acquired a new stake in shares of LCNB during the third quarter worth approximately $883,000. Finally, JPMorgan Chase & Co. grew its position in shares of LCNB by 1,797.4% during the second quarter. JPMorgan Chase & Co. now owns 41,628 shares of the bank’s stock worth $798,000 after buying an additional 39,434 shares in the last quarter. 36.01% of the stock is owned by institutional investors.
In other news, EVP John F. Smiley sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $18.21, for a total transaction of $72,840.00. Following the completion of the sale, the executive vice president now owns 101,544 shares of the company’s stock, valued at $1,849,116.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John F. Smiley sold 1,416 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $18.08, for a total transaction of $25,601.28. Following the sale, the executive vice president now directly owns 108,983 shares of the company’s stock, valued at approximately $1,970,412.64. The disclosure for this sale can be found here. Insiders have sold 7,248 shares of company stock valued at $131,522 in the last three months. Corporate insiders own 6.45% of the company’s stock.
LCNB stock opened at $18.24 on Tuesday. LCNB Corp. has a twelve month low of $14.56 and a twelve month high of $19.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $233.96 million, a P/E ratio of 13.12 and a beta of 0.56. The firm has a 50 day simple moving average of $17.70 and a 200-day simple moving average of $17.49.
LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. LCNB had a net margin of 25.22% and a return on equity of 8.76%. The business had revenue of $16.93 million during the quarter, compared to the consensus estimate of $16.74 million. On average, research analysts predict that LCNB Corp. will post 1.45 EPS for the current year.
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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