Key Points
- Insider sale: EVP Michael Robert Miller sold 2,759 shares on Feb 4 at an average price of $17.75 for $48,972.25, reducing his position by 14.11% to 16,798 shares (≈$298,165).
- Dividend announced: LCNB declared a quarterly dividend of $0.22 per share (annualized $0.88) with an ex-dividend/record date of March 2 and a payment date of March 16, implying a ~5.1% yield.
- Quarterly results and analyst view: LCNB reported Q4 EPS of $0.40 (missing estimates of $0.44) but beat revenue expectations ($23.86M vs. $17.90M), and Weiss Ratings recently upgraded the stock from "hold (c+)" to "buy (b-)" with an overall MarketBeat average rating of "Buy."
LCNB Corporation (NASDAQ:LCNB - Get Free Report) EVP Michael Robert Miller sold 2,759 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $17.75, for a total value of $48,972.25. Following the sale, the executive vice president directly owned 16,798 shares of the company's stock, valued at approximately $298,164.50. This trade represents a 14.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
LCNB Trading Down 1.3%
NASDAQ:LCNB opened at $17.36 on Thursday. The firm has a market capitalization of $246.34 million, a P/E ratio of 10.65 and a beta of 0.58. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $16.98 and a 200 day moving average of $15.99. LCNB Corporation has a 52 week low of $13.34 and a 52 week high of $17.89.
LCNB (NASDAQ:LCNB - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). The firm had revenue of $23.86 million during the quarter, compared to analysts' expectations of $17.90 million. LCNB had a net margin of 18.57% and a return on equity of 8.76%. On average, research analysts predict that LCNB Corporation will post 1.65 earnings per share for the current year.
LCNB Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 5.1%. LCNB's dividend payout ratio is presently 53.99%.
Institutional Investors Weigh In On LCNB
Several hedge funds have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its stake in LCNB by 57.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank's stock worth $27,000 after purchasing an additional 603 shares during the period. CWM LLC boosted its holdings in shares of LCNB by 191.7% during the 3rd quarter. CWM LLC now owns 2,491 shares of the bank's stock valued at $37,000 after buying an additional 1,637 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of LCNB by 182.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank's stock worth $54,000 after buying an additional 2,328 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of LCNB by 202.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank's stock worth $55,000 after acquiring an additional 2,546 shares in the last quarter. Finally, MAI Capital Management increased its stake in shares of LCNB by 166.4% in the 2nd quarter. MAI Capital Management now owns 5,700 shares of the bank's stock worth $83,000 after acquiring an additional 3,560 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings raised LCNB from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, LCNB currently has an average rating of "Buy".
Get Our Latest Report on LCNB
About LCNB
(
Get Free Report)
LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.
On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.
Further Reading
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