Steve P. Foster Buys 1,000 Shares of LCNB Corp. (NASDAQ:LCNB) Stock

LCNB Corp. (NASDAQ:LCNB) Director Steve P. Foster purchased 1,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $14.70 per share, for a total transaction of $14,700.00. Following the completion of the transaction, the director now owns 45,049 shares of the company’s stock, valued at $662,220.30. The trade was a 2.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LCNB Stock Up 3.9 %

Shares of LCNB opened at $15.49 on Friday. LCNB Corp. has a 52 week low of $12.42 and a 52 week high of $17.92. The firm has a market capitalization of $218.56 million, a P/E ratio of 15.97 and a beta of 0.78. The company has a 50-day simple moving average of $15.13 and a 200-day simple moving average of $15.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. On average, equities research analysts expect that LCNB Corp. will post 1.65 earnings per share for the current year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 5.68%. LCNB’s dividend payout ratio is currently 90.72%.

Institutional Investors Weigh In On LCNB

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in shares of LCNB by 240.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank’s stock worth $47,000 after acquiring an additional 2,205 shares during the period. Allworth Financial LP acquired a new position in LCNB in the third quarter worth about $50,000. Deutsche Bank AG lifted its stake in LCNB by 51.4% during the fourth quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock worth $248,000 after purchasing an additional 5,565 shares during the period. Squarepoint Ops LLC boosted its holdings in LCNB by 53.0% during the fourth quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock valued at $255,000 after purchasing an additional 5,834 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of LCNB by 29.0% in the 4th quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock valued at $289,000 after purchasing an additional 4,306 shares during the period. Institutional investors own 34.73% of the company’s stock.

Analysts Set New Price Targets

LCNB has been the topic of a number of research analyst reports. Hovde Group assumed coverage on LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price on the stock. StockNews.com upgraded shares of LCNB from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

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.