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

LCNB Corp. (NASDAQ:LCNB) EVP Michael Robert Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 directly owns 18,322 shares of the company’s stock, valued at approximately $310,741.12. This represents a 5.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

LCNB Stock Performance

LCNB stock opened at $17.04 on Wednesday. The firm has a fifty day simple moving average of $15.53 and a two-hundred day simple moving average of $14.76. LCNB Corp. has a twelve month low of $12.42 and a twelve month high of $17.27. The company has a market capitalization of $240.43 million, a PE ratio of 33.31 and a beta of 0.75. 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) last issued its earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $32.81 million during the quarter, compared to analysts’ expectations of $21.30 million. LCNB had a return on equity of 6.39% and a net margin of 5.88%. Research analysts expect that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Monday, December 2nd. LCNB’s payout ratio is 172.55%.

Institutional Investors Weigh In On LCNB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of LCNB by 70.6% during 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 during the last quarter. Vanguard Group Inc. increased its position in LCNB by 43.2% during the 1st quarter. Vanguard Group Inc. now owns 766,198 shares of the bank’s stock valued at $12,213,000 after buying an additional 231,035 shares in the last quarter. Baker Ellis Asset Management LLC lifted its stake in shares of LCNB by 36.4% in the second quarter. Baker Ellis Asset Management LLC now owns 15,000 shares of the bank’s stock worth $209,000 after buying an additional 4,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in LCNB by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank’s stock worth $811,000 after acquiring an additional 5,237 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. increased its holdings in shares of LCNB by 12.6% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock worth $220,000 after purchasing an additional 1,772 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

LCNB Company Profile

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.