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

LCNB Corporation (NASDAQ:LCNB) Director Anne Krehbiel acquired 1,000 shares of LCNB stock in a transaction on Monday, October 26th. The stock was acquired at an average cost of $19.79 per share, for a total transaction of $19,790.00. Following the purchase, the director owned 13,122 shares of the company’s stock, valued at approximately $259,684.38. This represents a 8.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LCNB Stock Performance

Shares of NASDAQ:LCNB opened at $19.72 on Friday. LCNB Corporation has a twelve month low of $14.83 and a twelve month high of $21.32. The firm has a market cap of $281.21 million, a PE ratio of 11.39 and a beta of 0.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The business has a fifty day moving average of $19.10 and a 200-day moving average of $17.79.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results 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 business had revenue of $25.02 million for the quarter, compared to the consensus estimate of $24.65 million. On average, equities research analysts predict that LCNB Corporation will post 1.85 EPS for the current fiscal year.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid 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 dividend yield of 4.5%. LCNB’s payout ratio is currently 50.29%.

Institutional Investors Weigh In On LCNB

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of LCNB during the 2nd quarter valued at $16,885,000. Empowered Funds LLC bought a new position in shares of LCNB in the 2nd quarter worth $1,431,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of LCNB in the 2nd quarter worth $1,085,000. Bank of New York Mellon Corp bought a new position in shares of LCNB in the 2nd quarter worth $1,008,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of LCNB during the second quarter worth $849,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

Wall Street Analyst Weigh In

LCNB has been the subject of a number of research reports. Piper Sandler started coverage on shares of LCNB in a report on Thursday, October 8th. They issued a “neutral” rating and a $20.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LCNB in a report on Friday, October 2nd. Zacks Research lowered LCNB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Finally, Wall Street Zen raised LCNB from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.00.

About LCNB

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.