Michael Robert Miller, Executive Vice President of LCNB Corp (NASDAQ:LCNB), has sold 1,000 shares of the company's common stock. The transaction took place on November 13, 2024, at a price of $16.96 per share, amounting to a total of $16,960. Following this sale, Miller holds 18,322 shares directly. This transaction was disclosed in a recent SEC filing.
InvestingPro Insights
As Michael Robert Miller, Executive Vice President of LCNB Corp (NASDAQ:LCNB), reduces his stake in the company, investors might be interested in the broader financial context surrounding this transaction. According to InvestingPro data, LCNB Corp currently has a market capitalization of $237.62 million, with the stock trading near its 52-week high at 97.51% of that peak.
The company's financial health appears mixed. While LCNB has maintained dividend payments for an impressive 25 consecutive years, with a current dividend yield of 5.23%, it's trading at a relatively high P/E ratio of 31.77. This valuation metric suggests investors are paying a premium for the company's earnings, which could be a point of concern for value-oriented shareholders.
InvestingPro Tips highlight that LCNB has raised its dividend for 6 consecutive years, demonstrating a commitment to returning value to shareholders. However, analysts anticipate a sales decline in the current year, which may explain the recent insider sale. Despite this, the company has shown a strong return over the last three months, with a price total return of 17.11%.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights with 8 more tips available, providing a deeper understanding of LCNB's financial position and market performance.
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