Insider Selling: LCNB (NASDAQ:LCNB) EVP Sells $48,972.25 in Stock

LCNB Corporation (NASDAQ:LCNB) EVP Michael Robert Miller sold 2,759 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $17.75, for a total value of $48,972.25. Following the sale, the executive vice president owned 16,798 shares of the company’s stock, valued at $298,164.50. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

LCNB Price Performance

Shares of LCNB opened at $17.45 on Friday. The business’s 50-day moving average is $16.99 and its 200-day moving average is $16.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $247.62 million, a price-to-earnings ratio of 10.71 and a beta of 0.58. LCNB Corporation has a fifty-two week low of $13.34 and a fifty-two week high of $17.89.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $23.86 million for the quarter, compared to analyst estimates of $17.90 million. LCNB had a return on equity of 8.76% and a net margin of 18.57%. Equities research analysts expect that LCNB Corporation will post 1.65 EPS for the current fiscal year.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.0%. LCNB’s dividend payout ratio is 53.99%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded LCNB from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, LCNB has an average rating of “Buy”.

Institutional Investors Weigh In On LCNB

Several institutional investors and hedge funds have recently modified their holdings of LCNB. HORAN Wealth LLC acquired a new position in LCNB during the third quarter worth $1,128,000. Dimensional Fund Advisors LP raised its stake in shares of LCNB by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 494,644 shares of the bank’s stock valued at $8,107,000 after acquiring an additional 22,124 shares in the last quarter. Maltese Capital Management LLC bought a new position in shares of LCNB in the 4th quarter valued at approximately $336,000. Bailard Inc. acquired a new stake in LCNB in the 4th quarter worth approximately $312,000. Finally, Goldman Sachs Group Inc. lifted its holdings in LCNB by 37.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 62,382 shares of the bank’s stock worth $1,022,000 after purchasing an additional 17,044 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Company Profile

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.