Insider Buying: LCNB (NASDAQ:LCNB) Director Buys $19,790.00 in Stock

LCNB Corporation (NASDAQ:LCNB) Director Anne Krehbiel purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average price of $19.79 per share, for a total transaction of $19,790.00. Following the acquisition, the director directly owned 13,122 shares of the company’s stock, valued at $259,684.38. This trade represents a 8.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

LCNB Trading Down 0.7%

LCNB stock traded down $0.14 during midday trading on Wednesday, reaching $19.66. 3,819 shares of the company’s stock traded hands, compared to its average volume of 30,659. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. LCNB Corporation has a fifty-two week low of $14.83 and a fifty-two week high of $21.32. The business has a 50-day moving average price of $19.10 and a two-hundred day moving average price of $17.74. The company has a market capitalization of $280.42 million, a P/E ratio of 11.24 and a beta of 0.57.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Thursday, October 15th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $25.02 million during the quarter, compared to analyst estimates of $24.65 million. Equities research analysts forecast that LCNB Corporation will post 1.85 EPS for the current fiscal year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.88 annualized dividend and a yield of 4.5%. LCNB’s dividend payout ratio (DPR) is 50.29%.

Institutional Investors Weigh In On LCNB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in LCNB in the 2nd quarter worth $16,885,000. Empowered Funds LLC acquired a new stake in shares of LCNB during the second quarter valued at about $1,431,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of LCNB during the second quarter valued at about $1,085,000. Bank of New York Mellon Corp acquired a new stake in shares of LCNB during the second quarter valued at about $1,008,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of LCNB during the second quarter worth about $849,000. Hedge funds and other institutional investors own 34.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LCNB in a research report on Friday, October 2nd. Zacks Research downgraded LCNB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. Wall Street Zen raised LCNB from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Finally, Piper Sandler began coverage on LCNB in a research report on Thursday, October 8th. They set a “neutral” rating and a $20.00 price target on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, LCNB has a consensus rating of “Hold” and a consensus price target of $20.00.

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.