LCNB Corp. (NASDAQ:LCNB) EVP Sells $16,960.00 in Stock

LCNB Corp. (NASDAQ:LCNB) EVP Michael Robert Miller sold 1,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $16.96, for a total value of $16,960.00. Following the transaction, the executive vice president now directly owns 18,322 shares in the company, valued at $310,741.12. The trade was a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

LCNB Stock Up 1.3 %

Shares of LCNB stock opened at $17.04 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. LCNB Corp. has a 12 month low of $12.42 and a 12 month high of $17.27. The stock has a market cap of $240.43 million, a P/E ratio of 33.31 and a beta of 0.75. The company has a 50 day simple moving average of $15.53 and a two-hundred day simple moving average of $14.76.

LCNB (NASDAQ:LCNB) last announced its earnings results on Monday, October 21st. The bank reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The company had revenue of $32.81 million for the quarter, compared to analysts’ expectations of $21.30 million. On average, research analysts expect that LCNB Corp. will post 1.09 earnings per share for the current year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.16%. The ex-dividend date is Monday, December 2nd. LCNB’s dividend payout ratio is 172.55%.

Institutional Trading of LCNB

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in LCNB by 43.2% during the first quarter. Vanguard Group Inc. now owns 766,198 shares of the bank’s stock valued at $12,213,000 after acquiring an additional 231,035 shares during the period. Geode Capital Management LLC lifted its holdings in LCNB by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock worth $4,514,000 after purchasing an additional 19,687 shares in the last quarter. State Street Corp boosted its stake in LCNB by 1.3% in the 3rd quarter. State Street Corp now owns 153,579 shares of the bank’s stock worth $2,314,000 after purchasing an additional 2,025 shares during the period. Johnson Investment Counsel Inc. raised its position 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 valued at $1,746,000 after buying an additional 11,649 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of LCNB by 5.2% in the second quarter. Renaissance Technologies LLC now owns 114,916 shares of the bank’s stock worth $1,598,000 after buying an additional 5,700 shares in the last quarter. 34.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th.

LCNB Company Profile

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.