LCNB (NASDAQ:LCNB) EVP Michael Robert Miller Sells 2,759 Shares of Stock

LCNB Corporation (NASDAQ:LCNB) EVP Michael Robert Miller sold 2,759 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $17.75, for a total transaction of $48,972.25. Following the completion of the transaction, the executive vice president directly owned 16,798 shares in the company, valued at approximately $298,164.50. The trade was 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 Price Performance

NASDAQ:LCNB opened at $17.36 on Thursday. LCNB Corporation has a 52-week low of $13.34 and a 52-week high of $17.89. The stock has a fifty day moving average of $16.98 and a 200 day moving average of $15.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $246.34 million, a price-to-earnings ratio of 10.65 and a beta of 0.58.

LCNB (NASDAQ:LCNB) last announced its earnings results on Thursday, January 29th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The business had revenue of $23.86 million during the quarter, compared to the consensus estimate of $17.90 million. LCNB had a return on equity of 8.76% and a net margin of 18.57%. On average, research analysts expect that LCNB Corporation will post 1.65 EPS for the current fiscal year.

LCNB Announces Dividend

The business also recently announced 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 is Monday, March 2nd. This represents a $0.88 annualized dividend and a yield of 5.1%. LCNB’s payout ratio is presently 53.99%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HORAN Wealth LLC bought a new position in shares of LCNB during the 3rd quarter valued at $1,128,000. Dimensional Fund Advisors LP boosted its position in LCNB by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 494,644 shares of the bank’s stock valued at $8,107,000 after buying an additional 22,124 shares during the period. Maltese Capital Management LLC bought a new position in shares of LCNB during the fourth quarter valued at about $336,000. Bailard Inc. purchased a new position in shares of LCNB in the fourth quarter worth about $312,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of LCNB by 37.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 62,382 shares of the bank’s stock worth $1,022,000 after buying an additional 17,044 shares during the period. 34.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of LCNB from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, LCNB currently has an average rating of “Buy”.

LCNB Company Profile

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.