LCNB Corp. (NASDAQ:LCNB) Director Craig Millis Johnson Buys 1,000 Shares

LCNB Corp. (NASDAQ:LCNB – Get Rating) Director Craig Millis Johnson acquired 1,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was acquired at an average price of $14.47 per share, with a total value of $14,470.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $86,820. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

LCNB Stock Down 0.5 %

LCNB opened at $14.36 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.09. The firm has a market cap of $159.68 million, a P/E ratio of 7.48 and a beta of 0.69. LCNB Corp. has a 52 week low of $14.25 and a 52 week high of $19.10. The business’s fifty day simple moving average is $15.91 and its 200 day simple moving average is $17.24.

LCNB (NASDAQ:LCNB – Get Rating) last issued its quarterly earnings results on Monday, April 24th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). LCNB had a return on equity of 10.84% and a net margin of 26.26%. The business had revenue of $21.50 million during the quarter, compared to analyst estimates of $19.90 million. As a group, equities research analysts anticipate that LCNB Corp. will post 1.45 EPS for the current fiscal year.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Wednesday, May 31st. LCNB’s dividend payout ratio is currently 43.75%.

Hedge Funds Weigh In On LCNB

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in LCNB by 898.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,427 shares of the bank’s stock worth $40,000 after acquiring an additional 2,184 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LCNB by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,433 shares of the bank’s stock valued at $96,000 after purchasing an additional 812 shares in the last quarter. Bank of America Corp DE raised its position in shares of LCNB by 48.3% in the 1st quarter. Bank of America Corp DE now owns 7,704 shares of the bank’s stock valued at $126,000 after purchasing an additional 2,510 shares in the last quarter. Citigroup Inc. acquired a new position in shares of LCNB in the 4th quarter valued at approximately $136,000. Finally, UBS Group AG raised its position in shares of LCNB by 24.2% in the 4th quarter. UBS Group AG now owns 9,893 shares of the bank’s stock valued at $178,000 after purchasing an additional 1,926 shares in the last quarter. 32.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded LCNB from a “sell” rating to a “hold” rating in a research report on Friday.

LCNB Company Profile

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LCNB Corp. is a financial holding company, which offers commercial and personal banking services. It offers services such as checking rates, debit card resources, electronic banking, fraud and identity theft, education and awareness. The company was founded in December 1998 and is headquartered in Lebanon, OH.