LCNB (NASDAQ:LCNB) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

LCNB Corp. (NASDAQ:LCNB)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.58 and traded as low as $14.74. LCNB shares last traded at $15.11, with a volume of 35,877 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on LCNB shares. Hovde Group started coverage on LCNB in a report on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective on the stock. StockNews.com raised LCNB from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

LCNB Trading Down 0.4 %

The company has a 50 day moving average of $15.10 and a 200 day moving average of $15.58. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The firm has a market cap of $212.36 million, a price-to-earnings ratio of 15.52 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. As a group, research analysts anticipate that LCNB Corp. will post 1.65 EPS for the current year.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Monday, March 3rd. LCNB’s dividend payout ratio is 90.72%.

Hedge Funds Weigh In On LCNB

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in LCNB by 240.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank’s stock worth $47,000 after purchasing an additional 2,205 shares in the last quarter. Deutsche Bank AG boosted its stake in LCNB by 51.4% in the fourth quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock worth $248,000 after purchasing an additional 5,565 shares in the last quarter. Squarepoint Ops LLC boosted its stake in LCNB by 53.0% in the fourth quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock worth $255,000 after purchasing an additional 5,834 shares in the last quarter. Bank of America Corp DE boosted its stake in LCNB by 29.0% in the fourth quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock worth $289,000 after purchasing an additional 4,306 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in LCNB by 268.9% in the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock worth $308,000 after purchasing an additional 14,904 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

About LCNB

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages.