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

LCNB Corporation (NASDAQ:LCNB) EVP Michael Robert Miller sold 2,759 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $17.75, for a total value of $48,972.25. Following the transaction, the executive vice president directly owned 16,798 shares of the company’s stock, valued at $298,164.50. This represents a 14.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

LCNB Stock Down 0.3%

Shares of LCNB stock traded down $0.05 during mid-day trading on Wednesday, reaching $17.55. 8,369 shares of the company’s stock traded hands, compared to its average volume of 25,145. The company’s 50-day moving average price is $16.97 and its 200-day moving average price is $15.98. The company has a market cap of $248.91 million, a P/E ratio of 10.76 and a beta of 0.58. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.39. LCNB Corporation has a 12 month low of $13.34 and a 12 month high of $17.89.

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

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, December 1st. LCNB’s dividend payout ratio (DPR) is presently 53.99%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. HORAN Wealth LLC bought a new position in shares of LCNB during the third quarter valued at $1,128,000. Dimensional Fund Advisors LP raised its position in LCNB by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 494,644 shares of the bank’s stock worth $8,107,000 after buying an additional 22,124 shares during the last quarter. Maltese Capital Management LLC purchased a new position in LCNB in the 4th quarter worth about $336,000. Bailard Inc. bought a new position in LCNB during the 4th quarter valued at about $312,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of LCNB by 37.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 62,382 shares of the bank’s stock valued at $1,022,000 after acquiring an additional 17,044 shares during the last quarter. Institutional investors own 34.73% of the company’s stock.

About LCNB

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.