LCNB (NASDAQ:LCNB) Shares Cross Below 200-Day Moving Average – Here’s What Happened

LCNB Corporation (NASDAQ:LCNB)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.55 and traded as low as $15.95. LCNB shares last traded at $16.00, with a volume of 34,814 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of LCNB in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

LCNB Stock Down 3.4%

The firm’s 50-day moving average price is $16.34 and its 200 day moving average price is $16.55. The firm has a market capitalization of $228 million, a price-to-earnings ratio of 9.94 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93.

LCNB (NASDAQ:LCNB) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). LCNB had a return on equity of 8.48% and a net margin of 18.50%.The firm had revenue of $23.54 million for the quarter, compared to analyst estimates of $23.30 million. Sell-side analysts expect that LCNB Corporation will post 1.67 EPS for the current year.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Monday, June 1st. LCNB’s dividend payout ratio (DPR) is 54.66%.

Hedge Funds Weigh In On LCNB

Hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co increased its stake in LCNB by 57.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock worth $27,000 after buying an additional 603 shares during the period. BNP Paribas Financial Markets increased its stake in LCNB by 182.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock worth $54,000 after buying an additional 2,328 shares during the period. Tower Research Capital LLC TRC increased its stake in LCNB by 202.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock worth $55,000 after buying an additional 2,546 shares during the period. Los Angeles Capital Management LLC purchased a new stake in LCNB during the 4th quarter worth $146,000. Finally, Quadrature Capital Ltd acquired a new position in LCNB during the 4th quarter worth $171,000. Hedge funds and other institutional investors own 34.73% of the company’s stock.

LCNB Company Profile

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.