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 stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $16.96, for a total transaction of $16,960.00. Following the completion of the sale, the executive vice president now directly owns 18,322 shares in the company, valued at approximately $310,741.12. This trade represents a 5.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

LCNB Price Performance

Shares of LCNB opened at $16.95 on Thursday. The stock’s fifty day moving average is $15.56 and its 200-day moving average is $14.78. The firm has a market capitalization of $239.16 million, a price-to-earnings ratio of 33.24 and a beta of 0.75. 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 Corp. has a one year low of $12.42 and a one year high of $17.27.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $32.81 million during the quarter, compared to analyst estimates of $21.30 million. LCNB had a net margin of 5.88% and a return on equity of 6.39%. Equities analysts anticipate that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend is Monday, December 2nd. LCNB’s dividend payout ratio is presently 172.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LCNB. Vanguard Group Inc. lifted its holdings in LCNB by 43.2% in the 1st quarter. Vanguard Group Inc. now owns 766,198 shares of the bank’s stock valued at $12,213,000 after acquiring an additional 231,035 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of LCNB by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock worth $4,514,000 after purchasing an additional 19,687 shares in the last quarter. State Street Corp lifted its stake in LCNB by 1.3% during the third quarter. State Street Corp now owns 153,579 shares of the bank’s stock valued at $2,314,000 after purchasing an additional 2,025 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in LCNB by 10.2% during the second quarter. Johnson Investment Counsel Inc. now owns 125,513 shares of the bank’s stock worth $1,746,000 after buying an additional 11,649 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in LCNB by 5.2% in the second quarter. Renaissance Technologies LLC now owns 114,916 shares of the bank’s stock worth $1,598,000 after buying an additional 5,700 shares during the last quarter. Institutional investors own 34.73% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised 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.