LCNB Corp. (NASDAQ:LCNB) EVP John F. Smiley Sells 1,000 Shares

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LCNB Corp. (NASDAQ:LCNB) EVP John F. Smiley sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $18.19, for a total transaction of $18,190.00.

NASDAQ:LCNB traded down $0.09 during trading hours on Thursday, reaching $18.27. 235 shares of the company’s stock were exchanged, compared to its average volume of 23,031. The firm has a market capitalization of $233.57 million, a price-to-earnings ratio of 13.16 and a beta of 0.56. The company has a 50-day moving average of $17.73 and a 200 day moving average of $17.51. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. LCNB Corp. has a 1-year low of $14.56 and a 1-year high of $19.94.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $16.93 million during the quarter, compared to analysts’ expectations of $16.74 million. LCNB had a net margin of 25.22% and a return on equity of 8.76%. Research analysts forecast that LCNB Corp. will post 1.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 3.94%. This is a boost from LCNB’s previous quarterly dividend of $0.17. LCNB’s dividend payout ratio is currently 48.92%.

A number of institutional investors have recently made changes to their positions in LCNB. BlackRock Inc. increased its holdings in shares of LCNB by 46.3% in the 2nd quarter. BlackRock Inc. now owns 669,564 shares of the bank’s stock valued at $12,723,000 after purchasing an additional 211,752 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of LCNB by 27.3% in the second quarter. Vanguard Group Inc. now owns 586,345 shares of the bank’s stock worth $11,141,000 after acquiring an additional 125,916 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of LCNB by 4.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 220,841 shares of the bank’s stock worth $4,196,000 after acquiring an additional 10,041 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of LCNB by 18.4% in the second quarter. Renaissance Technologies LLC now owns 196,916 shares of the bank’s stock worth $3,741,000 after acquiring an additional 30,600 shares during the last quarter. Finally, Lenox Wealth Management Inc. acquired a new stake in shares of LCNB in the third quarter worth approximately $2,167,000. Institutional investors own 36.01% of the company’s stock.

A number of analysts recently weighed in on the stock. Boenning Scattergood reiterated a “neutral” rating on shares of LCNB in a research note on Thursday, October 31st. Zacks Investment Research cut shares of LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, ValuEngine cut shares of LCNB from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

LCNB Company Profile

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.

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