LCNB (NASDAQ:LCNB) EVP Michael Robert Miller Sells 1,817 Shares of Stock

LCNB Corporation (NASDAQ:LCNB) EVP Michael Miller sold 1,817 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $20.02, for a total value of $36,376.34. Following the transaction, the executive vice president owned 17,957 shares in the company, valued at $359,499.14. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LCNB Stock Up 3.2%

LCNB opened at $20.29 on Thursday. The stock has a fifty day moving average of $19.12 and a 200-day moving average of $17.84. The company has a market capitalization of $289.23 million, a P/E ratio of 11.59 and a beta of 0.59. LCNB Corporation has a fifty-two week low of $14.83 and a fifty-two week high of $21.32. 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 (NASDAQ:LCNB) last released its quarterly earnings results on Thursday, October 15th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. LCNB had a net margin of 20.02% and a return on equity of 9.00%. The business had revenue of $25.02 million for the quarter, compared to the consensus estimate of $24.65 million. On average, equities analysts expect that LCNB Corporation will post 1.85 EPS for the current year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 4.3%. LCNB’s payout ratio is currently 50.29%.

Wall Street Analyst Weigh In

LCNB has been the topic of several recent research reports. Piper Sandler began coverage on shares of LCNB in a report on Thursday, October 8th. They set a “neutral” rating and a $20.00 target price on the stock. Weiss Ratings upgraded LCNB from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Wall Street Zen raised LCNB from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Finally, Zacks Research lowered LCNB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

Institutional Investors Weigh In On LCNB

Several institutional investors and hedge funds have recently bought and sold shares of LCNB. Legal & General Group Plc acquired a new position in shares of LCNB in the 2nd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of LCNB during the 2nd quarter worth approximately $50,000. Allworth Financial LP bought a new stake in shares of LCNB during the 2nd quarter worth approximately $119,000. Kimelman & Baird LLC acquired a new stake in shares of LCNB during the 2nd quarter worth approximately $202,000. Finally, Axim Planning & Wealth acquired a new stake in shares of LCNB during the 2nd quarter worth approximately $202,000. Institutional investors own 34.73% of the company’s stock.

LCNB Company Profile

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.