Lnb Bancorp Director Purchases $12,960 in Stock (LNBB)
Lnb Bancorp (NASDAQ:LNBB) Director Daniel G. Merkel bought 1,000 shares of Lnb Bancorp stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $12.96 per share, with a total value of $12,960.00. Following the completion of the acquisition, the director now directly owns 13,690 shares of the company’s stock, valued at approximately $177,422. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Lnb Bancorp in a research note on Friday, August 8th. They now have a $12.00 price target on the stock, up previously from $11.50.
Shares of Lnb Bancorp (NASDAQ:LNBB) traded up 0.23% on Monday, hitting $12.83. 468,462 shares of the company’s stock traded hands. Lnb Bancorp has a 1-year low of $8.87 and a 1-year high of $13.00. The stock has a 50-day moving average of $12.2 and a 200-day moving average of $11.39. The company has a market cap of $124.0 million and a price-to-earnings ratio of 18.63.
Lnb Bancorp (NASDAQ:LNBB) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. On average, analysts predict that Lnb Bancorp will post $0.80 earnings per share for the current fiscal year.
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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