Separately, Zacks Investment Research cut LCNB Corp. from a strong-buy rating to a hold rating in a research note on Wednesday, September 21st.
Shares of LCNB Corp. (NASDAQ:LCNB) traded down 0.17% on Tuesday, reaching $17.96. The company’s stock had a trading volume of 534 shares. The stock has a market cap of $179.20 million, a PE ratio of 15.74 and a beta of 0.08. The firm has a 50 day moving average price of $17.91 and a 200-day moving average price of $17.16. LCNB Corp. has a 12-month low of $15.07 and a 12-month high of $19.13.
LCNB Corp. (NASDAQ:LCNB) last issued its earnings results on Tuesday, July 19th. The company reported $0.29 earnings per share for the quarter. LCNB Corp. had a return on equity of 8.04% and a net margin of 21.51%. Equities research analysts expect that LCNB Corp. will post $1.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Tuesday, August 30th. LCNB Corp.’s dividend payout ratio (DPR) is currently 56.14%.
In related news, Chairman Stephen P. Wilson sold 27,560 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $17.11, for a total transaction of $471,551.60. Following the completion of the sale, the chairman now directly owns 92,653 shares in the company, valued at approximately $1,585,292.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert C. Haines II sold 6,723 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $17.29, for a total value of $116,240.67. Following the sale, the chief financial officer now owns 9,026 shares of the company’s stock, valued at $156,059.54. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company’s stock.
LCNB Corp. Company Profile
LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.
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