LCNB (NASDAQ:LCNB) Stock Price Passes Above 50-Day Moving Average – Here’s Why

LCNB Corporation (NASDAQ:LCNB)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.67 and traded as high as $18.25. LCNB shares last traded at $17.74, with a volume of 53,732 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut LCNB from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

LCNB Trading Down 4.2%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $252.79 million, a P/E ratio of 11.02 and a beta of 0.58. The business has a 50 day moving average of $16.67 and a 200-day moving average of $16.73.

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

LCNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st. LCNB’s payout ratio is currently 54.66%.

Hedge Funds Weigh In On LCNB

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC bought a new position in LCNB during the 1st quarter worth about $802,000. Kestra Advisory Services LLC bought a new stake in shares of LCNB in the first quarter valued at about $455,000. Dimensional Fund Advisors LP lifted its holdings in shares of LCNB by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock valued at $8,162,000 after purchasing an additional 28,883 shares in the last quarter. Maltese Capital Management LLC acquired a new position in shares of LCNB during the fourth quarter worth about $336,000. Finally, Bailard Inc. acquired a new position in shares of LCNB during the fourth quarter worth about $312,000. 34.73% of the stock is owned by institutional investors and hedge funds.

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.