Michael Robert Miller, Executive Vice President of LCNB Corp (NASDAQ:LCNB), recently sold 1,083 shares of the company's common stock. The shares were sold at a price of $17.81 each, amounting to a total transaction value of $19,288. Following this sale, Miller holds 17,239 shares directly. This transaction was reported in a recent SEC filing.
InvestingPro Insights
In light of Michael Robert Miller's recent stock sale, it's worth examining LCNB Corp's current financial position and market performance. According to InvestingPro data, LCNB has a market capitalization of $249.75 million and is trading at a P/E ratio of 33.83. This relatively high earnings multiple suggests investors are pricing in expectations for future growth.
Despite the executive's sale, LCNB has shown some positive indicators. The company has maintained dividend payments for 25 consecutive years, demonstrating a commitment to shareholder returns. Currently, LCNB offers a dividend yield of 5.1%, which may be attractive to income-focused investors.
InvestingPro Tips highlight that LCNB has raised its dividend for 7 consecutive years, further underlining its dividend growth strategy. Additionally, the stock has shown strong performance recently, with a 15.75% price total return over the past month and is trading near its 52-week high.
However, potential investors should note that analysts anticipate a sales decline in the current year, and the company's net income is expected to drop. These factors may explain why an executive has chosen to sell shares at this time.
For a more comprehensive analysis, InvestingPro offers 10 additional tips for LCNB Corp, providing deeper insights into the company's financial health and market position.
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