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

LCNB Corporation (NASDAQ:LCNB)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.20 and traded as low as $15.79. LCNB shares last traded at $15.83, with a volume of 33,819 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded LCNB from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat, LCNB currently has an average rating of “Buy”.

LCNB Stock Performance

The company has a market capitalization of $225.42 million, a P/E ratio of 9.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The business’s fifty day simple moving average is $16.92 and its 200-day simple moving average is $16.20.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Thursday, January 29th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $23.86 million for the quarter, compared to the consensus estimate of $17.90 million. LCNB had a net margin of 18.57% and a return on equity of 8.68%. As a group, equities analysts anticipate that LCNB Corporation will post 1.65 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 5.6%. LCNB’s dividend payout ratio is presently 53.99%.

Insiders Place Their Bets

In other LCNB news, EVP Michael Robert Miller sold 2,759 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $17.75, for a total transaction of $48,972.25. Following the completion of the transaction, the executive vice president owned 16,798 shares in the company, valued at $298,164.50. This trade represents a 14.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HORAN Wealth LLC purchased a new position in shares of LCNB in the 3rd quarter worth $1,128,000. MAI Capital Management raised its position in shares of LCNB by 166.4% during the 2nd quarter. MAI Capital Management now owns 5,700 shares of the bank’s stock valued at $83,000 after buying an additional 3,560 shares in the last quarter. CWM LLC lifted its holdings in shares of LCNB by 191.7% in the 3rd quarter. CWM LLC now owns 2,491 shares of the bank’s stock valued at $37,000 after acquiring an additional 1,637 shares during the last quarter. Fourthstone LLC bought a new position in shares of LCNB in the 2nd quarter valued at about $193,000. Finally, Lcnb Corp grew its position in LCNB by 0.9% in the fourth quarter. Lcnb Corp now owns 506,663 shares of the bank’s stock worth $8,304,000 after acquiring an additional 4,675 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.