LCNB (NASDAQ:LCNB) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

LCNB Corp. (NASDAQ:LCNB)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.55 and traded as low as $14.52. LCNB shares last traded at $15.09, with a volume of 17,318 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LCNB shares. StockNews.com raised shares of LCNB from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Hovde Group started coverage on LCNB in a report on Friday, December 20th. They set a “market perform” rating and a $16.25 price target for the company.

LCNB Price Performance

The firm has a 50-day moving average of $15.07 and a 200-day moving average of $15.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The firm has a market capitalization of $210.25 million, a P/E ratio of 15.31 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data 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, analysts predict that LCNB Corp. will post 1.65 EPS for the current year.

LCNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 5.93%. LCNB’s dividend payout ratio (DPR) is 90.72%.

Institutional Investors Weigh In On LCNB

A number of hedge funds have recently added to or reduced their stakes in LCNB. Charles Schwab Investment Management Inc. increased its position in LCNB by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,803 shares of the bank’s stock valued at $527,000 after acquiring an additional 750 shares during the last quarter. Bank of New York Mellon Corp grew its position in LCNB by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 51,261 shares of the bank’s stock valued at $776,000 after buying an additional 1,773 shares during the period. State Street Corp increased its holdings in LCNB by 1.3% during the third quarter. State Street Corp now owns 153,579 shares of the bank’s stock valued at $2,314,000 after buying an additional 2,025 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 acquiring an additional 2,205 shares during the period. Finally, Barclays PLC boosted its stake in shares of LCNB by 8.9% during the 4th quarter. Barclays PLC now owns 30,325 shares of the bank’s stock worth $459,000 after acquiring an additional 2,470 shares during the last quarter. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Company Profile

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.