LCNB Corporation (NASDAQ:LCNB – Get Free Report) EVP Michael Miller sold 1,817 shares of LCNB stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $20.02, for a total transaction of $36,376.34. Following the transaction, the executive vice president owned 17,957 shares of the company’s stock, valued at approximately $359,499.14. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
LCNB Price Performance
NASDAQ:LCNB traded up $0.62 during trading hours on Wednesday, reaching $20.29. 34,245 shares of the company traded hands, compared to its average volume of 30,629. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $289.34 million, a P/E ratio of 11.59 and a beta of 0.59. LCNB Corporation has a 1-year low of $14.83 and a 1-year high of $21.32. The firm’s 50-day moving average is $19.11 and its 200-day moving average is $17.82.
LCNB (NASDAQ:LCNB – Get Free Report) last announced its earnings results on Thursday, October 15th. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $25.02 million during the quarter, compared to the consensus estimate of $24.65 million. LCNB had a net margin of 20.02% and a return on equity of 9.00%. Equities research analysts expect that LCNB Corporation will post 1.85 earnings per share for the current fiscal year.
LCNB Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.22 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.88 annualized dividend and a yield of 4.3%. LCNB’s payout ratio is 50.29%.
Hedge Funds Weigh In On LCNB
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of LCNB during the second quarter worth $16,885,000. Dimensional Fund Advisors LP lifted its holdings in LCNB by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after purchasing an additional 28,883 shares during the last quarter. Renaissance Technologies LLC grew its position in LCNB by 13.2% during the first quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock worth $2,436,000 after buying an additional 18,167 shares in the last quarter. Empowered Funds LLC acquired a new position in LCNB during the second quarter valued at approximately $1,431,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in LCNB in the 2nd quarter valued at approximately $1,085,000. 34.73% of the stock is owned by institutional investors.
Analysts Set New Price Targets
LCNB has been the topic of a number of recent research reports. Weiss Ratings upgraded LCNB from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Zacks Research lowered LCNB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. Piper Sandler initiated coverage on shares of LCNB in a report on Thursday, October 8th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Wall Street Zen raised LCNB from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.00.
Get Our Latest Stock Report on LCNB
LCNB Company Profile
LCNB Corporation is a bank holding company headquartered in Lebanon, Ohio. Its principal subsidiary, LCNB National Bank, operates as a community bank serving individuals, families, businesses and nonprofit organizations.
LCNB National Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, home equity financing and agricultural lending. The bank also offers digital banking, treasury management and other cash-management services designed to support personal and business customers.
Through its banking operations, LCNB serves communities primarily in southwestern Ohio and nearby areas of northern Kentucky.
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