LCNB (NASDAQ:LCNB) Shares Pass Below 200 Day Moving Average of $14.81

LCNB Corp. (NASDAQ:LCNB)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.81 and traded as low as $14.71. LCNB shares last traded at $15.11, with a volume of 27,586 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of LCNB from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th.

LCNB Stock Performance

The firm has a market cap of $199.75 million, a P/E ratio of 13.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50 day moving average is $14.67 and its 200 day moving average is $14.81.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $19.27 million during the quarter, compared to the consensus estimate of $18.30 million. LCNB had a net margin of 13.29% and a return on equity of 8.31%. As a group, equities analysts predict that LCNB Corp. will post 1.44 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Thursday, February 29th. LCNB’s payout ratio is currently 77.19%.

Insider Transactions at LCNB

In other LCNB news, EVP Lawrence P. Jr. Mulligan purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average price of $13.95 per share, for a total transaction of $55,800.00. Following the completion of the acquisition, the executive vice president now owns 16,439 shares in the company, valued at $229,324.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Lawrence P. Jr. Mulligan bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average price of $13.95 per share, with a total value of $55,800.00. Following the completion of the purchase, the executive vice president now directly owns 16,439 shares of the company’s stock, valued at $229,324.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lawrence P. Jr. Mulligan bought 2,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $14.30 per share, with a total value of $35,750.00. Following the purchase, the executive vice president now directly owns 18,939 shares of the company’s stock, valued at $270,827.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 9,476 shares of company stock worth $133,651. Company insiders own 5.79% of the company’s stock.

Hedge Funds Weigh In On LCNB

A number of hedge funds have recently bought and sold shares of the company. Horan Securities Inc. bought a new stake in LCNB in the fourth quarter valued at $1,178,000. Hengehold Capital Management LLC bought a new stake in LCNB in the fourth quarter valued at $279,000. Panagora Asset Management Inc. bought a new stake in LCNB in the fourth quarter valued at $273,000. Baker Ellis Asset Management LLC bought a new stake in LCNB in the first quarter valued at $175,000. Finally, New York State Common Retirement Fund increased its stake in LCNB by 427.8% in the fourth quarter. New York State Common Retirement Fund now owns 4,697 shares of the bank’s stock valued at $74,000 after purchasing an additional 3,807 shares in the last quarter. Institutional investors 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.