LCNB (NASDAQ:LCNB) Director Anne Krehbiel Purchases 1,000 Shares of Stock

LCNB Corporation (NASDAQ:LCNB) Director Anne Krehbiel bought 1,000 shares of LCNB stock in a transaction dated 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 completion of the acquisition, the director directly owned 13,122 shares in the company, valued at $259,684.38. This represents a 8.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

LCNB Stock Down 0.9%

NASDAQ LCNB opened at $19.64 on Thursday. The firm has a market cap of $280.07 million, a PE ratio of 11.22 and a beta of 0.57. LCNB Corporation has a one year low of $14.83 and a one year high of $21.32. The stock’s 50 day simple moving average is $19.09 and its 200 day simple moving average is $17.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Thursday, October 15th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. LCNB had a return on equity of 9.00% and a net margin of 20.02%. The firm had revenue of $25.02 million during the quarter, compared to analysts’ expectations of $24.65 million. As a group, sell-side analysts forecast that LCNB Corporation will post 1.85 earnings per share for the current fiscal year.

LCNB Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 1st. LCNB’s dividend payout ratio is presently 50.29%.

Institutional Investors Weigh In On LCNB

Institutional investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in LCNB during the 2nd quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of LCNB during the 2nd quarter valued at $50,000. Allworth Financial LP acquired a new position in shares of LCNB in the 2nd quarter valued at $119,000. Kimelman & Baird LLC acquired a new position in shares of LCNB in the 2nd quarter valued at $202,000. Finally, Axim Planning & Wealth acquired a new position in shares of LCNB in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler assumed coverage on LCNB in a research note on Thursday, October 8th. They issued a “neutral” rating and a $20.00 target price for the company. Wall Street Zen upgraded shares of LCNB from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of LCNB in a research report on Friday, October 2nd. Finally, Zacks Research lowered shares of LCNB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.