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

Shares of LCNB Corp. (NASDAQ:LCNB) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.58 and traded as low as $14.74. LCNB shares last traded at $15.11, with a volume of 35,877 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on LCNB shares. StockNews.com raised LCNB from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Hovde Group started coverage on LCNB in a research report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price on the stock.

LCNB Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The firm has a market cap of $212.36 million, a price-to-earnings ratio of 15.52 and a beta of 0.79. The stock has a fifty day moving average price of $15.10 and a 200 day moving average price of $15.58.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 earnings per share for the current year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Monday, March 3rd. LCNB’s dividend payout ratio is 90.72%.

Institutional Trading of LCNB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCNB. Tower Research Capital LLC TRC increased its position in LCNB by 240.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank’s stock worth $47,000 after buying an additional 2,205 shares during the period. Deutsche Bank AG increased its position in LCNB by 51.4% in the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock worth $248,000 after buying an additional 5,565 shares during the period. Squarepoint Ops LLC increased its position in LCNB by 53.0% in the 4th quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock worth $255,000 after buying an additional 5,834 shares during the period. Bank of America Corp DE increased its position in LCNB by 29.0% in the 4th quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock worth $289,000 after buying an additional 4,306 shares during the period. Finally, JPMorgan Chase & Co. increased its position in LCNB by 268.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock worth $308,000 after buying an additional 14,904 shares during the period. Institutional investors and hedge funds own 34.73% of the company’s stock.

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.