Insider Buying: LCNB Corp. (NASDAQ:LCNB) Director Buys 1,000 Shares of Stock

LCNB Corp. (NASDAQ:LCNB - Get Free Report) Director Steve P. Foster acquired 1,000 shares of LCNB stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $14.70 per share, with a total value of $14,700.00. Following the purchase, the director now directly owns 45,049 shares of the company's stock, valued at approximately $662,220.30. This trade represents a 2.27 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

LCNB Price Performance

Shares of NASDAQ:LCNB traded down $0.32 during midday trading on Monday, hitting $15.17. 21,539 shares of the stock were exchanged, compared to its average volume of 20,273. LCNB Corp. has a twelve month low of $12.42 and a twelve month high of $17.92. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $15.13 and a 200-day moving average price of $15.58. The stock has a market cap of $214.05 million, a P/E ratio of 15.64 and a beta of 0.78.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. On average, research analysts forecast that LCNB Corp. will post 1.65 earnings per share for the current year.

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LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Monday, March 3rd. LCNB's payout ratio is currently 90.72%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LCNB. Hovde Group started coverage on shares of LCNB in a report on Friday, December 20th. They issued a "market perform" rating and a $16.25 target price for the company. StockNews.com raised LCNB from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd.

Institutional Investors Weigh In On LCNB

A number of large investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in shares of LCNB in the third quarter valued at $50,000. Empowered Funds LLC raised its stake in LCNB by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 55,826 shares of the bank's stock valued at $841,000 after purchasing an additional 2,814 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of LCNB by 117.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank's stock worth $383,000 after purchasing an additional 13,716 shares during the last quarter. State Street Corp boosted its stake in shares of LCNB by 1.3% during the 3rd quarter. State Street Corp now owns 153,579 shares of the bank's stock worth $2,314,000 after purchasing an additional 2,025 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of LCNB by 79.3% during the third quarter. Barclays PLC now owns 27,855 shares of the bank's stock worth $419,000 after buying an additional 12,322 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company's stock.

About LCNB

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 individual retirement accounts and time certificates. 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.