Last $14.22 USD
Change Today +0.21 / 1.50%
Volume 15.7K
LNBB On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

l n b bancorp inc (LNBB) Snapshot

Open
$14.00
Previous Close
$14.01
Day High
$14.23
Day Low
$14.00
52 Week High
08/25/14 - $14.50
52 Week Low
09/27/13 - $8.87
Market Cap
137.4M
Average Volume 10 Days
59.6K
EPS TTM
$0.68
Shares Outstanding
9.7M
EX-Date
09/3/14
P/E TM
20.9x
Dividend
$0.04
Dividend Yield
0.28%
Current Stock Chart for L N B BANCORP INC (LNBB)

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l n b bancorp inc (LNBB) Details

LNB Bancorp, Inc. operates as the holding company for The Lorain National Bank that provides personal banking, mortgage and commercial banking, investment management, trust, and title insurance services. The company offers interest and noninterest-bearing checking accounts, savings accounts, and time deposits for retail and business customers; and transaction accounts and cash management services for corporate and municipal customers. It also provides commercial and industrial loans, commercial real estate loans, construction and equipment loans, letters of credit, revolving lines of credit, small business administration loans, and government guaranteed loans; and residential mortgages, automobile and personal loans, indirect automobile loans, second mortgages, and home equity lines of credit, as well as indirect lending services to new and used automobile dealerships located in Ohio, Kentucky, Indiana, North Carolina, Tennessee, and Georgia. In addition, the company offers safe deposit boxes, night depository, U.S. savings bonds, travelers’ checks, money orders, cashiers checks, automated teller machines (ATMs), debit cards, wire transfers, electronic funds transfers, and foreign drafts, as well as foreign currency, phone and Internet banking, lockbox, and other services for individuals and businesses. As of April 24, 2014, it operated through 20 retail-banking locations and 28 ATMs in Lorain, eastern Erie, Cuyahoga, and Summit counties. The company was founded in 1905 and is headquartered in Lorain, Ohio.

267 Employees
Last Reported Date: 02/27/14
Founded in 1905

l n b bancorp inc (LNBB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $560.8K
Executive Vice President
Total Annual Compensation: $291.7K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $217.9K
Senior Vice President and Director of Human R...
Total Annual Compensation: $189.8K
Senior Vice President, Director of Indirect L...
Total Annual Compensation: $177.8K
Compensation as of Fiscal Year 2013.

l n b bancorp inc (LNBB) Key Developments

LNB Bancorp Maintains Quarterly Cash Dividend, Payable on Oct. 1, 2014

LNB Bancorp Inc. announced that it will distribute a quarterly cash dividend of $0.01 per share, unchanged from the previous dividend announcement made on May 20, 2014. The dividend will be payable on October 1, 2014 to stockholders of record on September 5, 2014.

LNB Bancorp Inc. Declares Dividend for the Third Quarter of 2014, Payable on October 1, 2014

The Board of Directors of LNB Bancorp Inc. has declared a third quarter 2014 cash dividend of $0.01 a share, payable on October 1, 2014 to shareholders of record on September 5, 2014.

LNB Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

LNB Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income available to common shareholders was $2.0 million, or $0.21 per basic and diluted common share, compared to $1.7 million, or $0.18 per basic and diluted common share, for the year ago quarter. Total interest income was $10,612,000 against $10,576,000 a year ago. Net interest income was $9,236,000 against $9,009,000 a year ago. Income before income tax expense was $2,796,000 against $2,409,000 a year ago. Return on average assets was 0.66% against 0.59% a year ago. Return on average common equity was 7.47% against 6.61% a year ago. Operating revenue, including net interest income on a fully tax-equivalent basis plus noninterest income from operations, was $12.6 million for the second quarter of 2014, an increase of $406,000, or 3.3%, from the second quarter of the prior year. For the first six months of 2014, net income available to common shareholders was $3.6 million, or $0.37 per basic and diluted common share, compared to $2.6 million, or $0.29 per basic and diluted common share for the first six months of last year. Total interest income was $21,005,000 against $20,850,000 a year ago. Net interest income was $18,197,000 against $17,713,000 a year ago. Income before income tax expense was $4,910,000 against $3,814,000 a year ago. Book value per common shares outstanding was $11.43 against $10.36 a year ago. Tangible book value per common shares outstanding was $9.49 against $8.06 a year ago. Return on average assets was 0.59% against 0.49% a year ago. Return on average common equity was 6.80% against 5.36% a year ago. Net charge-offs were $960,000 for the second quarter of 2014, or 0.42% of average loans (annualized), compared to $1.0 million, or 0.47% of average loans (annualized), in the second quarter of 2013.

 

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LNBB

Industry Average

Valuation LNBB Industry Range
Price/Earnings 20.7x
Price/Sales 3.1x
Price/Book 1.2x
Price/Cash Flow 20.1x
TEV/Sales 0.5x
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