Key Points
- Director Anne Krehbiel purchased 1,000 LCNB shares at an average price of $19.79, investing $19,790 and increasing her position by 8.25% to 13,122 shares.
- LCNB reported quarterly earnings of $0.51 per share, exceeding estimates of $0.48, while revenue of $25.02 million also topped expectations. The bank pays a quarterly dividend of $0.22 per share, representing a 4.5% annualized yield.
- LCNB shares opened at $19.64, with a market capitalization of about $280 million; analysts have a consensus “Hold” rating and an average price target of $20.00.
LCNB Corporation (NASDAQ:LCNB - Get Free Report) Director Anne Krehbiel bought 1,000 shares of LCNB stock in a transaction on Monday, October 26th. The shares were bought at an average price of $19.79 per share, for a total transaction of $19,790.00. Following the acquisition, the director owned 13,122 shares of the company's stock, valued at approximately $259,684.38. The trade was a 8.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
LCNB Price Performance
LCNB stock opened at $19.64 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $280.07 million, a P/E ratio of 11.22 and a beta of 0.57. The business has a 50-day moving average of $19.09 and a 200-day moving average of $17.75. LCNB Corporation has a 1 year low of $14.83 and a 1 year high of $21.32.
LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The bank reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $25.02 million for 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%. On average, equities analysts anticipate that LCNB Corporation will post 1.85 EPS for the current year.
LCNB Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 4.5%. LCNB's payout ratio is currently 50.29%.
Analyst Ratings Changes
LCNB has been the topic of several analyst reports. Wall Street Zen upgraded shares of LCNB from a "hold" rating to a "buy" rating in a report on Sunday, September 6th. Weiss Ratings reissued a "buy (b)" rating on shares of LCNB in a research report on Friday, October 2nd. Zacks Research lowered shares of LCNB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 15th. Finally, 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. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, LCNB presently has a consensus rating of "Hold" and an average price target of $20.00.
Check Out Our Latest Analysis on LCNB
Hedge Funds Weigh In On LCNB
Large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake in shares of LCNB by 16.4% in the 2nd quarter. Squarepoint Ops LLC now owns 20,716 shares of the bank's stock valued at $364,000 after purchasing an additional 2,920 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of LCNB by 9.9% in the second quarter. Hsbc Holdings PLC now owns 48,522 shares of the bank's stock valued at $849,000 after purchasing an additional 4,357 shares in the last quarter. Kimelman & Baird LLC bought a new stake in shares of LCNB in the second quarter valued at about $202,000. Empowered Funds LLC acquired a new position in shares of LCNB during the second quarter worth about $1,431,000. Finally, Axim Planning & Wealth acquired a new position in shares of LCNB during the second quarter worth about $202,000. Institutional investors own 34.73% of the company's stock.
About LCNB
(
Get Free Report)
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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