LCNB Corp. (LCNB) Downgraded by FBR & Co to Market Perform
Separately, Zacks Investment Research upgraded LCNB Corp. from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a report on Thursday, July 21st.
Shares of LCNB Corp. (NASDAQ:LCNB) traded down 0.17% during trading on Tuesday, hitting $17.96. 534 shares of the company were exchanged. The stock has a market capitalization of $179.20 million, a PE ratio of 15.74 and a beta of 0.08. LCNB Corp. has a 1-year low of $15.07 and a 1-year high of $19.13. The company has a 50 day moving average of $17.91 and a 200-day moving average of $17.16.
LCNB Corp. (NASDAQ:LCNB) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.29 earnings per share for the quarter. LCNB Corp. had a return on equity of 8.04% and a net margin of 21.51%. On average, analysts forecast that LCNB Corp. will post $1.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.16 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.64 annualized dividend and a yield of 3.56%. LCNB Corp.’s payout ratio is 56.14%.
In other LCNB Corp. news, Chairman Stephen P. Wilson sold 27,560 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $17.11, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert C. Haines II sold 6,723 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $17.29, for a total value of $116,240.67. Following the completion of 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. 4.69% of the stock is owned by company insiders.
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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