LCNB Corp. (NASDAQ:LCNB) Director Steve P. Foster Purchases 1,000 Shares

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

LCNB Price Performance

Shares of LCNB opened at $14.91 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The firm has a market capitalization of $210.38 million, a PE ratio of 15.37 and a beta of 0.78. The stock has a 50 day simple moving average of $15.13 and a 200 day simple moving average of $15.55. LCNB Corp. has a 52-week low of $12.42 and a 52-week high of $17.92.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. Sell-side analysts predict that LCNB Corp. will post 1.65 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.90%. The ex-dividend date is Monday, March 3rd. LCNB’s payout ratio is 90.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LCNB shares. StockNews.com raised shares of LCNB from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Hovde Group began coverage on LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective on the stock.

Institutional Trading of LCNB

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of LCNB by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 423,891 shares of the bank’s stock worth $6,413,000 after purchasing an additional 22,315 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of LCNB by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock worth $4,514,000 after acquiring an additional 19,687 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of LCNB by 15.2% in the 4th quarter. Johnson Investment Counsel Inc. now owns 157,783 shares of the bank’s stock valued at $2,387,000 after purchasing an additional 20,812 shares in the last quarter. State Street Corp raised its holdings in shares of LCNB by 1.3% during the 3rd quarter. State Street Corp now owns 153,579 shares of the bank’s stock worth $2,314,000 after buying an additional 2,025 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of LCNB by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 122,716 shares of the bank’s stock worth $1,857,000 after buying an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

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.