Insider Buying: Daniel G. Merkel Acquires 1,000 Shares of Lnb Bancorp Stock (LNBB)
Lnb Bancorp (NASDAQ:LNBB) Director Daniel G. Merkel bought 1,000 shares of Lnb Bancorp stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $12.96 per share, with a total value of $12,960.00. Following the transaction, the director now directly owns 13,690 shares in the company, valued at approximately $177,422. The acquisition was disclosed in a document filed with the SEC, which can be accessed through 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 12.98 on Wednesday. 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 $12.29 and a 200-day moving average of $11.45. The company has a market cap of $125.4 million and a P/E ratio of 18.89.
Lnb Bancorp (NASDAQ:LNBB) last announced its earnings results on Tuesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the 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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