LCNB (NASDAQ:LCNB) Stock: Insider Michael Robert Miller Sells 1,817 Shares

LCNB Corporation (NASDAQ:LCNB) EVP Michael Miller sold 1,817 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $20.02, for a total value of $36,376.34. Following the transaction, the executive vice president owned 17,957 shares in the company, valued at approximately $359,499.14. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

LCNB Price Performance

Shares of NASDAQ LCNB opened at $19.53 on Friday. The stock has a market capitalization of $278.50 million, a PE ratio of 11.59 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $17.85. LCNB Corporation has a fifty-two week low of $14.83 and a fifty-two week high of $21.32.

LCNB (NASDAQ:LCNB) last released its earnings results on Thursday, October 15th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $25.02 million for the quarter, compared to analyst estimates of $24.65 million. LCNB had a return on equity of 9.00% and a net margin of 20.02%. As a group, equities analysts predict that LCNB Corporation will post 1.85 earnings per share for the current fiscal year.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 1st. LCNB’s dividend payout ratio (DPR) is presently 50.29%.

Hedge Funds Weigh In On LCNB

Hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management grew its holdings in shares of LCNB by 10.4% during the third quarter. Ritholtz Wealth Management now owns 25,828 shares of the bank’s stock valued at $477,000 after buying an additional 2,439 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of LCNB during the third quarter worth about $295,000. Kestra Advisory Services LLC increased its position in shares of LCNB by 75.2% during the third quarter. Kestra Advisory Services LLC now owns 29,320 shares of the bank’s stock worth $542,000 after acquiring an additional 12,587 shares in the last quarter. Investment Partners LTD. acquired a new stake in shares of LCNB in the 3rd quarter worth about $225,000. Finally, Squarepoint Ops LLC lifted its position in LCNB by 16.4% in the 2nd quarter. Squarepoint Ops LLC now owns 20,716 shares of the bank’s stock valued at $364,000 after acquiring an additional 2,920 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

Analysts Set New Price Targets

LCNB has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on shares of LCNB in a research report on Thursday, October 8th. They set a “neutral” rating and a $20.00 price objective 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. Zacks Research downgraded shares of LCNB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. Finally, Weiss Ratings upgraded LCNB from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.