LCNB Corp. (NASDAQ:LCNB) Director Purchases $16,690.00 in Stock

LCNB Corp. (NASDAQ:LCNBGet Rating) Director Craig Millis Johnson bought 1,000 shares of LCNB stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $16.69 per share, for a total transaction of $16,690.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $83,450. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Craig Millis Johnson also recently made the following trade(s):

  • On Friday, April 1st, Craig Millis Johnson bought 1,000 shares of LCNB stock. The shares were acquired at an average price of $16.38 per share, for a total transaction of $16,380.00.

LCNB stock traded down $0.30 during trading on Friday, reaching $15.44. The stock had a trading volume of 586 shares, compared to its average volume of 23,214. LCNB Corp. has a 1-year low of $15.56 and a 1-year high of $20.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $176.02 million, a P/E ratio of 9.66 and a beta of 0.78. The firm has a fifty day moving average price of $17.17 and a 200 day moving average price of $18.53.

LCNB (NASDAQ:LCNBGet Rating) last released its earnings results on Tuesday, April 26th. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. LCNB had a net margin of 26.28% and a return on equity of 8.77%. Sell-side analysts predict that LCNB Corp. will post 1.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Tuesday, May 31st. LCNB’s payout ratio is currently 49.08%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCNB. Monarch Partners Asset Management LLC bought a new stake in shares of LCNB in the 4th quarter worth about $2,707,000. Assenagon Asset Management S.A. bought a new stake in shares of LCNB in the 1st quarter worth about $1,356,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of LCNB in the 4th quarter worth about $683,000. Lcnb Corp increased its position in shares of LCNB by 6.4% in the 4th quarter. Lcnb Corp now owns 521,188 shares of the bank’s stock worth $10,179,000 after purchasing an additional 31,500 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of LCNB by 63.5% in the 4th quarter. BlackRock Inc. now owns 80,106 shares of the bank’s stock worth $1,564,000 after purchasing an additional 31,098 shares during the last quarter. 48.68% of the stock is owned by institutional investors.

A number of brokerages have commented on LCNB. Zacks Investment Research upgraded shares of LCNB from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, May 5th. StockNews.com began coverage on shares of LCNB in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

About LCNB (Get Rating)

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 certificates of deposit. 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.

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