LCNB Corporation (NASDAQ:LCNB) Chairman Stephen P. Wilson sold 2,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $21.08, for a total transaction of $42,160.00. Following the completion of the transaction, the chairman now owns 63,093 shares in the company, valued at $1,330,000.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of LCNB Corporation (LCNB) traded up $0.05 during trading on Friday, reaching $20.05. 7,400 shares of the company’s stock were exchanged, compared to its average volume of 14,083. The firm has a market capitalization of $201.38, a P/E ratio of 15.39 and a beta of 0.40. LCNB Corporation has a 12-month low of $17.20 and a 12-month high of $25.00.
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 analysts’ consensus estimates of $0.31. The firm had revenue of $12.81 million for the quarter, compared to the consensus estimate of $13.05 million. LCNB Corporation had a net margin of 23.84% and a return on equity of 8.88%. analysts expect that LCNB Corporation will post 1.24 earnings per share for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 valued at $6,836,000 after purchasing an additional 65,300 shares in the last quarter. State Street Corp boosted 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 valued at $3,194,000 after purchasing an additional 14,183 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 valued at $2,565,000 after purchasing an additional 119,803 shares in the last quarter. Northern Trust Corp boosted its stake in shares of LCNB Corporation by 10.5% in the 2nd quarter. Northern Trust Corp now owns 95,610 shares of the bank’s stock valued at $1,913,000 after purchasing an additional 9,121 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of LCNB Corporation by 5.9% in the 1st quarter. Renaissance Technologies LLC now owns 94,529 shares of the bank’s stock valued at $2,255,000 after purchasing an additional 5,229 shares in the last quarter. Institutional investors own 37.86% of the company’s stock.
LCNB has been the topic of a number of analyst reports. ValuEngine downgraded shares of LCNB Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of LCNB Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of LCNB Corporation in a research note on Wednesday, July 19th.
About LCNB Corporation
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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