In a recent transaction on June 3, Robert A. Bedinghaus, a director of LCNB Corp (NASDAQ:LCNB), purchased 1,000 shares of the company's common stock. The shares were acquired at a price of $13.85 each, amounting to a total investment of $13,850.
This purchase increases Bedinghaus's direct holdings in LCNB Corp to 48,533 shares, which are held in an Individual Retirement Account (IRA). Additionally, the director has indirect ownership of 28,157 shares held directly and another 3,500 shares owned by the Employee Stock Ownership Plan (ESOP).
LCNB Corp, a financial institution headquartered in Lebanon, Ohio, operates as a national commercial bank. The company's common stock is traded on the NASDAQ exchange under the ticker symbol LCNB.
Investors often monitor insider transactions such as these for insights into the confidence that company executives and directors have in the firm's future prospects. The recent purchase by Director Bedinghaus might be interpreted as a sign of positive sentiment towards the company's value and potential.
The transaction was officially filed with the Securities and Exchange Commission and is publicly accessible for investors seeking detailed information about insider trades. The accumulation of shares by a key insider such as Bedinghaus could be a noteworthy event for current and potential shareholders of LCNB Corp.
InvestingPro Insights
Following the recent insider purchase by director Robert A. Bedinghaus, investors looking at LCNB Corp (NASDAQ:LCNB) might find additional context through key metrics and insights from InvestingPro. With a market capitalization of approximately $196.73 million and a dividend yield that stands at a robust 6.34%, LCNB Corp appears to be a significant player for dividend-seeking investors. The company's commitment to shareholder returns is further underscored by an impressive track record of raising its dividend for 6 consecutive years, with dividend payments maintained for a quarter of a century.
On the performance side, LCNB Corp's price-to-earnings (P/E) ratio stands at 15.99, which adjusts to a more attractive 13.36 when looking at the last twelve months as of Q1 2024. This suggests a potentially favorable valuation compared to earnings. Additionally, the company's revenue for the same period was $69.8 million, despite a slight decline of 6.85% in revenue growth. This could indicate a need for investors to watch for future sales trends, especially considering that analysts anticipate a sales decline in the current year.
For those interested in further analysis and additional InvestingPro Tips, there are more insights available, including predictions of profitability for the current year and an evaluation of the company's gross profit margins. With these factors in mind, potential investors may want to consider the implications of these financial health indicators on their investment decisions. For a deeper dive into the metrics that matter, investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking access to a total of 7 InvestingPro Tips for LCNB Corp.
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