LCNB Corp. (NASDAQ:LCNB - Get Free Report) Director Craig Millis Johnson purchased 1,000 shares of the company's stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average price of $15.41 per share, with a total value of $15,410.00. Following the completion of the transaction, the director now owns 7,000 shares of the company's stock, valued at $107,870. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
LCNB Stock Performance
Shares of NASDAQ:LCNB opened at $16.06 on Friday. The company's 50 day simple moving average is $15.24 and its 200 day simple moving average is $14.61. The stock has a market capitalization of $227.28 million, a price-to-earnings ratio of 31.49 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.93 and a quick ratio of 0.90. LCNB Corp. has a 1 year low of $12.42 and a 1 year high of $17.09.
LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The business had revenue of $32.81 million for the quarter, compared to analysts' expectations of $21.30 million. LCNB had a net margin of 5.88% and a return on equity of 6.49%. As a group, research analysts predict that LCNB Corp. will post 1.09 EPS for the current fiscal year.
LCNB Dividend Announcement
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The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.48%. LCNB's payout ratio is presently 172.55%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of LCNB from a "sell" rating to a "hold" rating in a research report on Wednesday, September 18th.
Get Our Latest Stock Analysis on LCNB
Institutional Trading of LCNB
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of LCNB by 43.2% during the first quarter. Vanguard Group Inc. now owns 766,198 shares of the bank's stock worth $12,213,000 after buying an additional 231,035 shares during the last quarter. Lcnb Corp lifted its holdings in shares of LCNB by 1.8% during the first quarter. Lcnb Corp now owns 503,402 shares of the bank's stock worth $8,024,000 after purchasing an additional 9,000 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in shares of LCNB by 10.2% during the second quarter. Johnson Investment Counsel Inc. now owns 125,513 shares of the bank's stock worth $1,746,000 after purchasing an additional 11,649 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of LCNB by 5.2% during the second quarter. Renaissance Technologies LLC now owns 114,916 shares of the bank's stock worth $1,598,000 after purchasing an additional 5,700 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of LCNB by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank's stock worth $811,000 after purchasing an additional 5,237 shares during the period. Institutional investors own 34.73% of the company's stock.
LCNB Company Profile
(
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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