LCNB Corporation (LCNB) Chairman Sells $38,808.00 in Stock
LCNB Corporation (NASDAQ:LCNB) Chairman Stephen P. Wilson sold 1,800 shares of LCNB Corporation stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $21.56, for a total transaction of $38,808.00. Following the transaction, the chairman now directly owns 60,293 shares in the company, valued at approximately $1,299,917.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of LCNB Corporation (NASDAQ LCNB) traded down 1.86% during midday trading on Monday, hitting $21.10. 1,119 shares of the stock traded hands. LCNB Corporation has a 52 week low of $16.55 and a 52 week high of $25.00. The company’s 50-day moving average is $20.68 and its 200 day moving average is $20.41. The firm has a market capitalization of $211.17 million, a PE ratio of 16.48 and a beta of 0.39.
LCNB Corporation (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. The firm had revenue of $12.81 million during the quarter, compared to analysts’ expectations of $13.05 million. LCNB Corporation had a net margin of 23.84% and a return on equity of 8.95%. Analysts anticipate that LCNB Corporation will post $1.27 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of LCNB Corporation by 1,415.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 128,266 shares of the bank’s stock worth $2,565,000 after buying an additional 119,803 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of LCNB Corporation in the 1st quarter worth $2,018,000. Vanguard Group Inc. grew its stake in shares of LCNB Corporation by 23.6% in the 2nd quarter. Vanguard Group Inc. now owns 341,794 shares of the bank’s stock worth $6,836,000 after buying an additional 65,300 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LCNB Corporation by 76.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,779 shares of the bank’s stock worth $776,000 after buying an additional 16,813 shares in the last quarter. Finally, State Street Corp grew its stake in shares of LCNB Corporation by 9.8% in the 2nd quarter. State Street Corp now owns 159,567 shares of the bank’s stock worth $3,194,000 after buying an additional 14,183 shares in the last quarter. 37.86% of the stock is owned by institutional investors.
Several research firms have commented on LCNB. ValuEngine cut shares of LCNB Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of LCNB Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, Boenning Scattergood restated a “hold” rating on shares of LCNB Corporation in a research note on Wednesday, July 19th.
LCNB Corporation 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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