LCNB Corp. (NASDAQ:LCNB) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “LCNB Corp. is a financial holding company. The Company, through its subsidiaries, LCNB National Bank and Dakin Insurance Agency, Inc., is engaged in the commercial banking and insurance agency businesses. Headquartered in Lebanon, Ohio, the Bank is a full service community bank offering a range of commercial and personal banking services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers’ checks, money orders, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products. “

Separately, FBR & Co upped their price objective on shares of LCNB Corp. from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 19th.

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LCNB Corp. (NASDAQ:LCNB) opened at 18.01 on Wednesday. The company’s 50 day moving average is $17.61 and its 200-day moving average is $16.97. The stock has a market capitalization of $179.70 million, a PE ratio of 15.78 and a beta of -0.04. LCNB Corp. has a 1-year low of $15.07 and a 1-year high of $18.63.

LCNB Corp. (NASDAQ:LCNB) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.29 earnings per share for the quarter. LCNB Corp. had a net margin of 21.51% and a return on equity of 8.04%. Analysts forecast that LCNB Corp. will post $1.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Tuesday, August 30th. LCNB Corp.’s dividend payout ratio is presently 56.14%.

In other news, EVP Eric J. Meilstrup sold 9,825 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $17.55, for a total value of $172,428.75. Following the completion of the sale, the executive vice president now directly owns 11,653 shares in the company, valued at $204,510.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Leroy F. Mckay sold 7,282 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $17.14, for a total transaction of $124,813.48. Following the completion of the sale, the insider now owns 17,043 shares of the company’s stock, valued at $292,117.02. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

LCNB Corp. Company Profile

LCNB Corp. (LCNB) is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. Its services include safe deposit boxes, night depositories, cashier’s checks, utility bill collections, notary public service, mobile banking and other services tailored for both individuals and businesses.

5 Day Chart for NASDAQ:LCNB

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