Michael Robert Miller Sells 1,000 Shares of LCNB Corp. (NASDAQ:LCNB) Stock

LCNB Corp. (NASDAQ:LCNB - Get Free Report) EVP Michael Robert Miller sold 1,000 shares of LCNB stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $16.96, for a total value of $16,960.00. Following the completion of the sale, the executive vice president now owns 18,322 shares in the company, valued at approximately $310,741.12. This trade represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LCNB Price Performance

NASDAQ LCNB traded down $0.02 during mid-day trading on Monday, hitting $16.83. The stock had a trading volume of 18,392 shares, compared to its average volume of 24,698. The company has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $14.74. The company has a market cap of $237.40 million, a price-to-earnings ratio of 32.86 and a beta of 0.75. LCNB Corp. has a 52-week low of $12.42 and a 52-week high of $17.27. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The business had revenue of $32.81 million during the quarter, compared to analysts' expectations of $21.30 million. Equities analysts forecast that LCNB Corp. will post 1.09 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Tuesday, September 3rd. LCNB's dividend payout ratio (DPR) is presently 172.55%.

Institutional Trading of LCNB

Several large investors have recently modified their holdings of LCNB. Allworth Financial LP acquired a new position in shares of LCNB during the 3rd quarter worth approximately $50,000. BNP Paribas Financial Markets lifted its position in shares of LCNB by 70.6% in the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank's stock valued at $90,000 after acquiring an additional 2,329 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of LCNB during the second quarter valued at $160,000. Financial Counselors Inc. acquired a new stake in shares of LCNB during the second quarter valued at $172,000. Finally, Rhumbline Advisers increased its position in LCNB by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank's stock worth $179,000 after purchasing an additional 1,207 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of LCNB from a "sell" rating to a "hold" rating in a report on Wednesday, September 18th.

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.