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Steve P. Foster, a director at LCNB Corp (NASDAQ:LCNB), has acquired 1,000 shares of the company’s common stock, according to a recent SEC filing. The purchase, made on February 26, 2025, was conducted at a price of $14.70 per share, amounting to a total transaction value of $14,700. The purchase price represents an attractive entry point, with the stock currently trading at 0.83 times book value and offering a 5.88% dividend yield. Following this acquisition, Foster’s total holdings in the company increased to 45,049 shares. The transaction reflects Foster’s continued investment in the Ohio-based bank, which operates in the national commercial banking sector. With a market capitalization of $209.5 million, LCNB has maintained dividend payments for 26 consecutive years, including 7 years of consecutive increases. InvestingPro analysis reveals several more key metrics and insights about LCNB’s financial health and growth potential.
In other recent news, LCNB Corp. has declared a quarterly cash dividend of $0.22 per common share. This dividend is scheduled for distribution on March 17, 2025, to shareholders of record as of March 3, 2025. The announcement aligns with LCNB Corp.’s tradition of returning value to its shareholders and demonstrates its commitment to consistent financial performance. The Ohio-based company continues to cater to customers in Southwest and South-Central Ohio, as well as Northern Kentucky. LCNB Corp. operates through its subsidiary, LCNB National Bank, offering a range of personal and business banking services. The dividend declaration was made through a press release issued by the company. These recent developments provide insight into LCNB Corp.’s ongoing financial strategies.
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