LCNB (NASDAQ:LCNB) Stock Crosses Below 200-Day Moving Average – Time to Sell?

LCNB Corp. (NASDAQ:LCNB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.34 and traded as low as $14.30. LCNB shares last traded at $14.54, with a volume of 11,775 shares.

Analyst Ratings Changes

A number of brokerages recently commented on LCNB. Hovde Group began coverage on LCNB in a research report on Friday, December 20th. They set a “market perform” rating and a $16.25 price target for the company. StockNews.com raised LCNB from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th.

LCNB Trading Up 1.9 %

The stock’s 50 day simple moving average is $16.21 and its two-hundred day simple moving average is $15.34. The stock has a market capitalization of $214.05 million, a PE ratio of 29.75 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $32.81 million during the quarter, compared to analyst estimates of $21.30 million. LCNB had a return on equity of 6.39% and a net margin of 5.88%. On average, sell-side analysts expect that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend was Monday, December 2nd. LCNB’s dividend payout ratio is currently 172.55%.

Hedge Funds Weigh In On LCNB

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of LCNB by 268.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after buying an additional 14,904 shares in the last quarter. Barclays PLC lifted its position in shares of LCNB by 79.3% during the third quarter. Barclays PLC now owns 27,855 shares of the bank’s stock worth $419,000 after acquiring an additional 12,322 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of LCNB by 7.0% in the third quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock worth $4,514,000 after acquiring an additional 19,687 shares during the period. State Street Corp grew its position in shares of LCNB by 1.3% in the third quarter. State Street Corp now owns 153,579 shares of the bank’s stock valued at $2,314,000 after purchasing an additional 2,025 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of LCNB by 117.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank’s stock valued at $383,000 after purchasing an additional 13,716 shares during the period. Hedge funds and other institutional investors 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.