Steve P. Foster Acquires 1,000 Shares of LCNB Corp. (NASDAQ:LCNB) Stock

LCNB Corp. (NASDAQ:LCNB) Director Steve P. Foster bought 1,000 shares of LCNB stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost 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. The trade was a 2.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LCNB Stock Performance

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

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

LCNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid 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 yield of 5.90%. LCNB’s dividend payout ratio (DPR) is presently 90.72%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Hovde Group began coverage on LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 price objective for the company. StockNews.com upgraded shares of LCNB from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its stake in LCNB by 1.3% in 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. Barclays PLC lifted its position in shares of LCNB by 79.3% during the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock valued at $419,000 after buying an additional 12,322 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of LCNB by 268.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock worth $308,000 after acquiring an additional 14,904 shares during the period. Hengehold Capital Management LLC increased its stake in shares of LCNB by 156.1% in the fourth quarter. Hengehold Capital Management LLC now owns 42,063 shares of the bank’s stock worth $636,000 after purchasing an additional 25,637 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in LCNB by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock valued at $4,514,000 after buying an additional 19,687 shares in the last quarter. 34.73% of the stock is owned by institutional investors.

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.