Craig Millis Johnson, a director at LCNB Corp (NASDAQ:LCNB), has recently increased his holdings in the company by purchasing 1,000 shares of common stock. The transaction, which took place on October 29, 2024, was executed at a price of $15.41 per share, resulting in a total purchase value of $15,410. Following this acquisition, Johnson, through indirect ownership by his spouse, now holds 7,000 shares of LCNB Corp.
InvestingPro Insights
The recent insider purchase by Craig Millis Johnson aligns with several positive indicators for LCNB Corp (NASDAQ:LCNB). According to InvestingPro data, LCNB has a market capitalization of $225.2 million and is currently trading at a price-to-book ratio of 0.89, suggesting the stock may be undervalued relative to its book value. This could be a factor in Johnson's decision to increase his stake in the company.
InvestingPro Tips highlight that LCNB has raised its dividend for 6 consecutive years and has maintained dividend payments for an impressive 25 consecutive years. With a current dividend yield of 5.61%, the stock offers an attractive income proposition for investors. This consistent dividend history may indicate management's confidence in the company's financial stability and future prospects.
Despite these positive aspects, it's worth noting that LCNB is trading at a relatively high earnings multiple, with a P/E ratio of 30.63. Additionally, analysts anticipate a sales decline in the current year, which investors should consider when evaluating the stock.
For a more comprehensive analysis, InvestingPro offers 8 additional tips on LCNB Corp, providing deeper insights into the company's financial health and market position. These additional tips can help investors make more informed decisions about their investments in LCNB.
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