Lnb Bancorp Announces Quarterly Dividend of $0.01 (LNBB)
Lnb Bancorp (NASDAQ:LNBB) declared a quarterly dividend on Tuesday, May 20th, Stock Ratings News reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.01 per share on Tuesday, July 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%.
On the ratings front, analysts at Zacks downgraded shares of Lnb Bancorp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $12.60 price target on the stock.
Shares of Lnb Bancorp (NASDAQ:LNBB) traded up 0.18% on Tuesday, hitting $10.95. 900 shares of the company’s stock traded hands. Lnb Bancorp has a one year low of $8.49 and a one year high of $11.70. The stock has a 50-day moving average of $11.2 and a 200-day moving average of $10.62. The company has a market cap of $105.8 million and a P/E ratio of 16.51.
Lnb Bancorp (NASDAQ:LNBB) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.01. On average, analysts predict that Lnb Bancorp will post $0.82 earnings per share for the current fiscal year.
In other Lnb Bancorp news, Director James R. Herrick purchased 8,000 shares of Lnb Bancorp stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $11.40 per share, for a total transaction of $91,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LNB Bancorp, Inc is a diversified banking services company. The Company engages in lending and depository services, investment and brokerage services, and other traditional banking services.
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