LCNB Corp. (LCNB) Lowered to Market Perform at FBR & Co
Separately, Zacks Investment Research raised shares of LCNB Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Thursday, July 21st.
LCNB Corp. (NASDAQ:LCNB) last issued its earnings results on Tuesday, July 19th. The company reported $0.29 EPS for the quarter. LCNB Corp. had a net margin of 21.51% and a return on equity of 8.04%.
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The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Tuesday, August 30th. LCNB Corp.’s payout ratio is 56.14%.
In related news, Chairman Stephen P. Wilson sold 27,560 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $17.11, for a total transaction of $471,551.60. Following the completion of the sale, the chairman now directly owns 92,653 shares of the company’s stock, valued at approximately $1,585,292.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leroy F. Mckay sold 7,282 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $17.14, for a total transaction of $124,813.48. Following the sale, the insider now directly owns 17,043 shares of the company’s stock, valued at $292,117.02. The disclosure for this sale can be found here. Corporate 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.
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