LCNB Corp. (LCNB) Insider John F. Smiley Sells 5,000 Shares

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LCNB Corp. (NASDAQ:LCNB) insider John F. Smiley sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $17.12, for a total transaction of $85,600.00. Following the sale, the insider now directly owns 116,435 shares in the company, valued at approximately $1,993,367.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LCNB stock traded down $0.14 during midday trading on Friday, hitting $17.02. The stock had a trading volume of 18 shares, compared to its average volume of 16,956. The firm has a market cap of $228.64 million, a price-to-earnings ratio of 12.27 and a beta of 0.52. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. LCNB Corp. has a 1-year low of $14.56 and a 1-year high of $20.65.

LCNB (NASDAQ:LCNB) last released its earnings results on Thursday, April 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $16.16 million for the quarter, compared to analyst estimates of $16.19 million. LCNB had a net margin of 22.58% and a return on equity of 8.26%. Research analysts expect that LCNB Corp. will post 1.56 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems lifted its holdings in LCNB by 149.6% in the fourth quarter. Ramsey Quantitative Systems now owns 1,665 shares of the bank’s stock valued at $25,000 after buying an additional 998 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in LCNB by 492.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,936 shares of the bank’s stock valued at $33,000 after buying an additional 1,609 shares during the period. Northern Trust Corp raised its holdings in shares of LCNB by 1.9% during the first quarter. Northern Trust Corp now owns 99,442 shares of the bank’s stock valued at $1,706,000 after purchasing an additional 1,886 shares during the period. Bank of America Corp DE raised its holdings in shares of LCNB by 8.9% during the fourth quarter. Bank of America Corp DE now owns 38,987 shares of the bank’s stock valued at $591,000 after purchasing an additional 3,176 shares during the period. Finally, Geode Capital Management LLC raised its holdings 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 valued at $1,583,000 after purchasing an additional 4,029 shares during the period. Institutional investors and hedge funds own 31.61% of the company’s stock.

Several brokerages recently weighed in on LCNB. Zacks Investment Research cut shares of LCNB from a “hold” rating to a “sell” rating in a research note on Thursday. Boenning Scattergood reissued a “hold” rating on shares of LCNB in a research note on Thursday, February 7th.

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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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