Trump announces trade deal with EU following months of negotiations
Lawrence P. Mulligan Jr., the Executive Vice President of LCNB Corp (NASDAQ:LCNB), has acquired additional shares of the company, according to a recent SEC filing. On May 23, Mulligan purchased 1,000 shares at a price of $14.3676 per share, resulting in a total transaction value of $14,367. The purchase price represents an attractive entry point for the $210 million market cap bank, which currently trades at a P/E ratio of 13x and offers a substantial 6% dividend yield. Following this acquisition, Mulligan’s direct ownership in LCNB Corp increased to 29,076 shares. According to InvestingPro, LCNB has maintained dividend payments for 26 consecutive years and currently shows a "Fair" overall financial health score. For more detailed insider trading analysis and additional ProTips, consider exploring InvestingPro’s comprehensive financial toolkit.
In other recent news, LCNB Corp. held its annual shareholder meeting where several significant decisions were made. Shareholders elected four Class II directors to serve a three-year term and approved the executive officers’ compensation plan. The 2025 Ownership Incentive Plan was also given the green light, but a proposal for the board to consider selling the company did not pass. Additionally, Plante & Moran, PLLC was ratified as the independent accounting firm for the fiscal year ending December 31, 2025. In another development, LCNB Corp. declared a quarterly cash dividend of $0.22 per share, with shareholders on record as of June 2, 2025, eligible for the payout scheduled for June 16, 2025. This decision aligns with the company’s tradition of returning value to its shareholders. These recent developments reflect LCNB Corp.’s ongoing commitment to its shareholders and its strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.