FBR & Co downgraded shares of LCNB Corp. (NASDAQ:LCNB) from an outperform rating to a market perform rating in a research note released on Tuesday. FBR & Co currently has $19.00 price target on the stock.
Separately, Zacks Investment Research downgraded shares of LCNB Corp. from a buy rating to a hold rating in a report on Tuesday, June 21st.
LCNB Corp. (NASDAQ:LCNB) opened at 18.16 on Tuesday. The stock has a market cap of $181.20 million, a P/E ratio of 15.92 and a beta of 0.08. The firm’s 50-day moving average is $17.94 and its 200-day moving average is $17.17. LCNB Corp. has a 1-year low of $15.07 and a 1-year high of $19.13.
LCNB Corp. (NASDAQ:LCNB) last released 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%. On average, analysts forecast that LCNB Corp. will post $1.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Tuesday, August 30th. LCNB Corp.’s dividend payout ratio (DPR) is currently 56.14%.
In other news, EVP Eric J. Meilstrup sold 9,825 shares of LCNB Corp. stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $17.55, for a total value of $172,428.75. Following the transaction, the executive vice president now directly owns 11,653 shares of the company’s stock, valued at $204,510.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert C. Haines II sold 6,723 shares of LCNB Corp. stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $17.29, for a total transaction of $116,240.67. Following the completion of the transaction, the chief financial officer now directly owns 9,026 shares in the company, valued at $156,059.54. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by insiders.
About LCNB Corp.