Key Points
- LCNB EVP Michael Miller sold 1,817 shares at an average price of $20.02, worth about $36,376. He retained 17,957 shares after the sale, a 9.19% reduction in his position.
- LCNB’s latest quarter beat expectations, with earnings of $0.51 per share versus $0.48 expected and revenue of $25.02 million versus $24.65 million expected.
- Analysts’ consensus rating is Hold, with a $20 price target. LCNB also pays an annualized dividend of $0.88 per share, a yield of about 4.3%.
LCNB Corporation (NASDAQ:LCNB - Get Free Report) EVP Michael Miller sold 1,817 shares of LCNB stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $20.02, for a total value of $36,376.34. Following the completion of the transaction, the executive vice president owned 17,957 shares in the company, 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 is available at the SEC website.
LCNB Price Performance
LCNB stock opened at $20.29 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. LCNB Corporation has a 52 week low of $14.83 and a 52 week high of $21.32. The stock has a market capitalization of $289.23 million, a P/E ratio of 11.59 and a beta of 0.59. The stock has a fifty day moving average of $19.12 and a 200-day moving average of $17.84.
LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $25.02 million during the quarter, compared to the consensus estimate of $24.65 million. LCNB had a return on equity of 9.00% and a net margin of 20.02%. On average, sell-side analysts expect that LCNB Corporation will post 1.85 earnings per share for the current fiscal year.
LCNB Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.88 annualized dividend and a yield of 4.3%. LCNB's payout ratio is presently 50.29%.
Analyst Ratings Changes
LCNB has been the subject of a number of research reports. Zacks Research cut shares of LCNB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 15th. Wall Street Zen raised shares of LCNB from a "hold" rating to a "buy" rating in a report on Sunday, September 6th. Weiss Ratings upgraded shares of LCNB from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday. Finally, Piper Sandler assumed coverage on shares of LCNB in a research report on Thursday, October 8th. They set a "neutral" rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.00.
Get Our Latest Analysis on LCNB
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Lido Advisors LLC acquired a new stake in shares of LCNB during the 3rd quarter valued at $295,000. Kestra Advisory Services LLC grew its position in LCNB by 75.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 29,320 shares of the bank's stock worth $542,000 after acquiring an additional 12,587 shares during the last quarter. Investment Partners LTD. acquired a new position in LCNB in the 3rd quarter worth about $225,000. Squarepoint Ops LLC increased its holdings in LCNB by 16.4% in the 2nd quarter. Squarepoint Ops LLC now owns 20,716 shares of the bank's stock worth $364,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in LCNB by 9.9% in the 2nd quarter. Hsbc Holdings PLC now owns 48,522 shares of the bank's stock worth $849,000 after purchasing an additional 4,357 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors.
LCNB Company Profile
(
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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