Anne E. Krehbiel, a director at LCNB Corp (NASDAQ:LCNB), recently acquired 500 shares of the company's common stock. The shares were purchased at an average price of $17.8118 each, totaling approximately $8,905. Following this transaction, Krehbiel holds a total of 9,984 shares directly. This acquisition reflects ongoing activity in LCNB Corp's stock by its board members.
InvestingPro Insights
Anne E. Krehbiel's recent purchase of LCNB Corp (NASDAQ:LCNB) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock has shown strong performance, with a 15.75% price return over the last month and a 23.69% return over the past year. This upward momentum is further supported by the stock trading near its 52-week high, at 98.38% of that peak.
InvestingPro Tips reveal that LCNB has maintained dividend payments for 25 consecutive years and has raised its dividend for 7 consecutive years. This consistent dividend history, coupled with a current dividend yield of 5.1%, may be particularly appealing to income-focused investors like Krehbiel.
However, it's worth noting that LCNB is trading at a high earnings multiple, with a P/E ratio of 33.83. This valuation metric suggests that investors are pricing in expectations for future growth, despite analysts anticipating a sales decline in the current year.
For readers interested in a deeper analysis, InvestingPro offers 10 additional tips for LCNB Corp, providing a more comprehensive view of the company's financial health and market position.
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