LCNB Corp. (NASDAQ:LCNB) EVP Michael Robert Miller Sells 1,000 Shares

LCNB Corp. (NASDAQ:LCNB) EVP Michael Robert Miller sold 1,000 shares of LCNB stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.96, for a total value of $16,960.00. Following the completion of the sale, the executive vice president now directly owns 18,322 shares of the company’s stock, valued at $310,741.12. The trade was a 5.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

LCNB Trading Down 0.1 %

Shares of LCNB opened at $16.83 on Tuesday. The company has a market cap of $237.40 million, a P/E ratio of 32.86 and a beta of 0.75. The company’s fifty day simple moving average is $15.50 and its 200-day simple moving average is $14.74. LCNB Corp. has a twelve month low of $12.42 and a twelve month high of $17.27. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61.

LCNB (NASDAQ:LCNB) last posted its earnings results on Monday, October 21st. The bank reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. LCNB had a net margin of 5.88% and a return on equity of 6.39%. The business had revenue of $32.81 million for the quarter, compared to the consensus estimate of $21.30 million. As a group, analysts expect that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.23%. LCNB’s dividend payout ratio (DPR) is presently 172.55%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th.

Institutional Trading of LCNB

Several hedge funds and other institutional investors have recently bought and sold shares of LCNB. Allworth Financial LP acquired a new stake in LCNB in the third quarter valued at approximately $50,000. BNP Paribas Financial Markets lifted its stake in shares of LCNB by 70.6% in the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock worth $90,000 after buying an additional 2,329 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of LCNB in the second quarter valued at approximately $160,000. Financial Counselors Inc. purchased a new stake in LCNB in the 2nd quarter valued at $172,000. Finally, Rhumbline Advisers increased its position in LCNB by 10.4% during the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after purchasing an additional 1,207 shares during the last quarter. 34.73% of the stock is owned by institutional investors and hedge funds.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.