According to Zacks, “LCNB Corp. is a financial holding company. The Company, through its subsidiaries, LCNB National Bank and Dakin Insurance Agency, Inc., is engaged in the commercial banking and insurance agency businesses. Headquartered in Lebanon, Ohio, the Bank is a full service community bank offering a range of commercial and personal banking services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers’ checks, money orders, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products. “
Separately, ValuEngine downgraded shares of Wolverine World Wide from a hold rating to a sell rating in a research note on Monday, May 20th.
LCNB (NASDAQ:LCNB) last announced its earnings results on Thursday, April 18th. The bank reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $16.16 million for the quarter, compared to the consensus estimate of $16.19 million. LCNB had a net margin of 22.58% and a return on equity of 8.26%. Analysts anticipate that LCNB will post 1.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, May 31st. LCNB’s dividend payout ratio (DPR) is presently 48.92%.
In related news, Director William G. Huddle sold 3,495 shares of LCNB stock in a transaction on Friday, May 10th. The shares were sold at an average price of $17.10, for a total value of $59,764.50. Following the transaction, the director now directly owns 147,400 shares of the company’s stock, valued at $2,520,540. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John F. Smiley sold 10,000 shares of LCNB stock in a transaction on Monday, May 6th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the completion of the transaction, the insider now directly owns 128,212 shares in the company, valued at $2,179,604. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,653 shares of company stock worth $438,101. 6.45% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its holdings in LCNB by 492.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,609 shares in the last quarter. Bessemer Group Inc. boosted its holdings in LCNB by 51.9% in the fourth quarter. Bessemer Group Inc. now owns 12,300 shares of the bank’s stock valued at $186,000 after acquiring an additional 4,200 shares in the last quarter. Rhumbline Advisers bought a new stake in LCNB in the fourth quarter valued at $193,000. FineMark National Bank & Trust bought a new stake in LCNB in the first quarter valued at $205,000. Finally, Millennium Management LLC boosted its holdings in LCNB by 71.9% in the fourth quarter. Millennium Management LLC now owns 18,994 shares of the bank’s stock valued at $288,000 after acquiring an additional 7,946 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors.
LCNB Company Profile
LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.
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