According to Zacks, “LCNB Corp. is a financial holding company. The Company, through its subsidiaries, LCNB National Bank and Dakin Insurance Agency, Inc., is engaged in the commercial banking and insurance agency businesses. Headquartered in Lebanon, Ohio, the Bank is a full service community bank offering a range of commercial and personal banking services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers’ checks, money orders, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products. “
Separately, FBR & Co boosted their target price on LCNB Corp. from $18.00 to $19.00 and gave the stock an outperform rating in a report on Tuesday, July 19th.
LCNB Corp. (NASDAQ:LCNB) opened at 17.99 on Wednesday. LCNB Corp. has a 52 week low of $15.07 and a 52 week high of $19.13. The company has a market cap of $179.50 million, a P/E ratio of 15.77 and a beta of -0.04. The firm has a 50-day moving average price of $17.68 and a 200 day moving average price of $17.02.
LCNB Corp. (NASDAQ:LCNB) last released its earnings results on Tuesday, July 19th. The company reported $0.29 EPS for the quarter. LCNB Corp. had a return on equity of 8.04% and a net margin of 21.51%. Analysts expect that LCNB Corp. will post $1.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Tuesday, August 30th. LCNB Corp.’s payout ratio is currently 56.14%.
In other news, Chairman Stephen P. Wilson sold 27,560 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $17.11, for a total transaction of $471,551.60. Following the transaction, the chairman now directly owns 92,653 shares of the company’s stock, valued at $1,585,292.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert C. Haines II sold 6,723 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $17.29, for a total value of $116,240.67. Following the transaction, the chief financial officer now directly owns 9,026 shares in the company, valued at $156,059.54. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.
About LCNB Corp.
LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.
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