Insider Buying: Lnb Bancorp Director Buys 1,000 Shares of Stock (LNBB)
Lnb Bancorp (NASDAQ:LNBB) Director Daniel G. Merkel purchased 1,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $12.96 per share, with a total value of $12,960.00. Following the transaction, the director now directly owns 13,690 shares of the company’s stock, valued at approximately $177,422. The purchase was disclosed in a document filed 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) opened at 12.83 on Tuesday. Lnb Bancorp has a 52-week low of $8.87 and a 52-week high of $13.00. The stock’s 50-day moving average is $12.26 and its 200-day moving average is $11.42. The company has a market cap of $124.0 million and a P/E ratio of 18.63.
Lnb Bancorp (NASDAQ:LNBB) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. Analysts expect that Lnb Bancorp will post $0.80 EPS 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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