Steve P. Foster Acquires 1,000 Shares of LCNB Corp. (NASDAQ:LCNB) Stock

LCNB Corp. (NASDAQ:LCNB) Director Steve P. Foster bought 1,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $14.70 per share, for a total transaction of $14,700.00. Following the completion of the purchase, the director now owns 45,049 shares in the company, valued at approximately $662,220.30. This trade represents a 2.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

LCNB Stock Performance

Shares of NASDAQ LCNB opened at $15.49 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. LCNB Corp. has a one year low of $12.42 and a one year high of $17.92. The business’s 50-day moving average price is $15.13 and its two-hundred day moving average price is $15.55. The company has a market capitalization of $218.56 million, a P/E ratio of 15.97 and a beta of 0.78.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. Analysts anticipate that LCNB Corp. will post 1.65 earnings per share for the current fiscal year.

LCNB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.68%. LCNB’s dividend payout ratio (DPR) is 90.72%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LCNB shares. StockNews.com upgraded LCNB from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Hovde Group initiated coverage on shares of LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 target price for the company.

Institutional Investors Weigh In On LCNB

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in LCNB by 240.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank’s stock worth $47,000 after buying an additional 2,205 shares during the last quarter. Allworth Financial LP bought a new stake in shares of LCNB during the 3rd quarter worth about $50,000. Deutsche Bank AG increased its holdings in shares of LCNB by 51.4% during the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock valued at $248,000 after acquiring an additional 5,565 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of LCNB by 53.0% in the 4th quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock valued at $255,000 after acquiring an additional 5,834 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in LCNB by 29.0% in the 4th quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock worth $289,000 after purchasing an additional 4,306 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Company Profile

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.