Key Points
- Director William Huddle sold 3,000 shares on November 12 at an average price of $15.51 for $46,530, cutting his ownership by 16.19% to 15,530 shares (valued ≈ $240,870).
- LCNB traded at $15.55 (down 0.2%) with a market cap of about $220.5M and a P/E of 9.31, and it pays a quarterly dividend of $0.22 (annualized $0.88) for a 5.7% yield and a dividend payout ratio of ~52.7%.
- Analysts have a consensus “Hold” rating with a $16.25 price target; the company reported $0.45 EPS for the most recent quarter and analysts expect $1.65 EPS for the current fiscal year.
LCNB Corporation (NASDAQ:LCNB - Get Free Report) Director William Huddle sold 3,000 shares of the company's stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the transaction, the director owned 15,530 shares of the company's stock, valued at $240,870.30. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
LCNB Stock Down 0.2%
NASDAQ LCNB traded down $0.03 on Friday, hitting $15.55. 13,182 shares of the stock traded hands, compared to its average volume of 21,026. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $15.35 and a 200 day moving average of $15.11. LCNB Corporation has a twelve month low of $13.34 and a twelve month high of $17.92. The company has a market capitalization of $220.54 million, a P/E ratio of 9.31 and a beta of 0.59.
LCNB (NASDAQ:LCNB - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The bank reported $0.45 earnings per share for the quarter. The company had revenue of $17.82 million for the quarter. LCNB had a return on equity of 9.15% and a net margin of 18.63%. As a group, analysts expect that LCNB Corporation will post 1.65 earnings per share for the current fiscal year.
LCNB Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.7%. The ex-dividend date was Tuesday, September 2nd. LCNB's dividend payout ratio (DPR) is 52.69%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of LCNB from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of LCNB in a research report on Tuesday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.25.
Check Out Our Latest Stock Analysis on LCNB
Hedge Funds Weigh In On LCNB
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in shares of LCNB by 100.0% during the 1st quarter. Allworth Financial LP now owns 6,570 shares of the bank's stock worth $95,000 after acquiring an additional 3,285 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in LCNB by 2.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,803 shares of the bank's stock valued at $530,000 after purchasing an additional 1,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in LCNB by 30.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,606 shares of the bank's stock worth $763,000 after buying an additional 11,919 shares during the last quarter. Nuveen LLC bought a new position in shares of LCNB during the 1st quarter worth about $228,000. Finally, Hsbc Holdings PLC purchased a new position in shares of LCNB during the first quarter valued at approximately $236,000. Institutional investors own 34.73% of the company's stock.
About LCNB
(
Get Free Report)
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.
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