Insider Selling: LCNB Corp. (NASDAQ:LCNB) Director Sells 6,546 Shares of Stock

LCNB Corp. (NASDAQ:LCNB) Director William G. Huddle sold 6,546 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $18.25, for a total transaction of $119,464.50. Following the sale, the director now directly owns 147,400 shares in the company, valued at $2,690,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:LCNB traded down $0.13 on Friday, reaching $17.64. 10,206 shares of the company’s stock were exchanged, compared to its average volume of 25,822. The company has a market cap of $242.75 million, a price-to-earnings ratio of 12.69 and a beta of 0.55. LCNB Corp. has a fifty-two week low of $14.56 and a fifty-two week high of $20.65. The business has a 50-day simple moving average of $18.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90.

LCNB (NASDAQ:LCNB) last issued its earnings results on Monday, July 22nd. The bank reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The business had revenue of $16.59 million for the quarter, compared to analyst estimates of $16.67 million. LCNB had a return on equity of 8.79% and a net margin of 25.08%. Sell-side analysts anticipate that LCNB Corp. will post 1.56 EPS for the current year.

A number of analysts have weighed in on LCNB shares. ValuEngine cut shares of LCNB from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised shares of LCNB from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th.

Several institutional investors have recently added to or reduced their stakes in the company. Castine Capital Management LLC grew its position in shares of LCNB by 1.7% during the first quarter. Castine Capital Management LLC now owns 382,687 shares of the bank’s stock worth $6,563,000 after acquiring an additional 6,474 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of LCNB by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 211,796 shares of the bank’s stock worth $3,209,000 after acquiring an additional 34,270 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of LCNB by 49.9% during the first quarter. Pacific Ridge Capital Partners LLC now owns 210,800 shares of the bank’s stock worth $3,615,000 after acquiring an additional 70,181 shares during the last quarter. Geode Capital Management LLC grew its position in shares of LCNB by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 104,557 shares of the bank’s stock worth $1,583,000 after acquiring an additional 4,029 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of LCNB by 3.0% during the fourth quarter. Northern Trust Corp now owns 97,556 shares of the bank’s stock worth $1,478,000 after acquiring an additional 2,822 shares during the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides commercial and personal banking services in Ohio. The company's deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit.

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Insider Buying and Selling by Quarter for LCNB (NASDAQ:LCNB)

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