LCNB (NASDAQ:LCNB) Shares Pass Below 200-Day Moving Average – What’s Next?

Shares of LCNB Corp. (NASDAQ:LCNB) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com upgraded LCNB from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Hovde Group began coverage on shares of LCNB in a research report on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective on the stock.

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 current ratio of 0.93 and a quick ratio of 0.91. The stock has a market cap of $210.25 million, a PE 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. Research 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. Shareholders of record on Monday, March 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend was Monday, March 3rd. LCNB’s dividend payout ratio (DPR) is presently 90.72%.

Institutional Investors Weigh In On LCNB

Several large investors have recently made changes to their positions in LCNB. Tower Research Capital LLC TRC boosted its stake in LCNB by 240.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank’s stock valued at $47,000 after buying an additional 2,205 shares during the last quarter. Deutsche Bank AG boosted its position in shares of LCNB by 51.4% during the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock valued at $248,000 after acquiring an additional 5,565 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of LCNB by 53.0% in the fourth quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock valued at $255,000 after purchasing an additional 5,834 shares in the last quarter. Bank of America Corp DE increased its position in LCNB by 29.0% in the fourth quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock worth $289,000 after purchasing an additional 4,306 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in LCNB by 268.9% during the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after purchasing an additional 14,904 shares in the last quarter. 34.73% of the stock is owned by institutional investors.

About LCNB

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.