Insider Buying: LCNB Corp. (NASDAQ:LCNB) Director Purchases $14,700.00 in Stock

LCNB Corp. (NASDAQ:LCNB) Director Steve P. Foster bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $14.70 per share, for a total transaction of $14,700.00. Following the completion of the acquisition, the director now directly owns 45,049 shares in the company, valued at approximately $662,220.30. This represents a 2.27 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LCNB Stock Up 3.9 %

LCNB opened at $15.49 on Friday. The firm’s 50-day simple moving average is $15.13 and its 200-day simple moving average is $15.56. 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 twelve month low of $12.42 and a twelve month high of $17.92. The firm has a market cap of $218.56 million, a price-to-earnings ratio of 15.97 and a beta of 0.78.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 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%. Equities research analysts anticipate that LCNB Corp. will post 1.65 EPS for the current fiscal year.

LCNB Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on LCNB. Hovde Group began coverage on shares of LCNB in a research report on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective 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.

Institutional Trading of LCNB

Several hedge funds have recently bought and sold shares of LCNB. Tower Research Capital LLC TRC raised its holdings in 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 buying an additional 2,205 shares during the period. Allworth Financial LP acquired a new stake in LCNB during the 3rd quarter worth approximately $50,000. Deutsche Bank AG raised its holdings in LCNB by 51.4% during the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock worth $248,000 after buying an additional 5,565 shares during the period. Squarepoint Ops LLC raised its holdings in LCNB by 53.0% during the 4th quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock worth $255,000 after buying an additional 5,834 shares during the period. Finally, Bank of America Corp DE raised its holdings in LCNB by 29.0% during the 4th quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock worth $289,000 after buying an additional 4,306 shares during the period. 34.73% of the stock is currently owned by institutional investors and hedge funds.

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.