LCNB (NASDAQ:LCNB) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of LCNB Corp. (NASDAQ:LCNB) crossed 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.

Analyst Upgrades and Downgrades

LCNB has been the subject of several research reports. Hovde Group assumed coverage on LCNB in a report on Friday, December 20th. They set a “market perform” rating and a $16.25 price objective for the company. StockNews.com raised LCNB from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

LCNB Stock Up 2.5 %

The company has a market cap of $213.64 million, a PE ratio of 15.56 and a beta of 0.79. 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 firm has a 50-day simple moving average of $15.07 and a two-hundred day simple moving average of $15.55.

LCNB (NASDAQ:LCNB) last announced 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%. Research analysts anticipate that LCNB Corp. will post 1.65 earnings per share for the current fiscal year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Monday, March 3rd. LCNB’s dividend payout ratio is currently 90.72%.

Institutional Investors Weigh In On LCNB

A number of institutional investors have recently added to or reduced their stakes in LCNB. Tower Research Capital LLC TRC grew its position 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 acquiring an additional 2,205 shares during the period. Deutsche Bank AG grew its position in LCNB by 51.4% during the fourth 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 period. Squarepoint Ops LLC grew its position in LCNB by 53.0% during the fourth quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock valued at $255,000 after acquiring an additional 5,834 shares during the period. Bank of America Corp DE lifted its stake in shares of LCNB by 29.0% during 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of LCNB by 268.9% during the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock worth $308,000 after purchasing an additional 14,904 shares in the last quarter. Hedge funds and other 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.