LCNB (NASDAQ:LCNB) Stock Crosses Below 200-Day Moving Average of $17.24

LCNB Corp. (NASDAQ:LCNBGet Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.24 and traded as low as $15.11. LCNB shares last traded at $15.11, with a volume of 9,106 shares trading hands.

Analyst Upgrades and Downgrades

Separately, began coverage on LCNB in a research note on Thursday, March 31st. They set a “buy” rating on the stock.

LCNB Trading Up 0.8 %

The stock’s fifty day simple moving average is $15.39 and its 200-day simple moving average is $17.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $172.28 million, a PE ratio of 9.27 and a beta of 0.77.

LCNB (NASDAQ:LCNBGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. LCNB had a return on equity of 8.77% and a net margin of 26.28%. The firm had revenue of $17.77 million during the quarter, compared to analysts’ expectations of $18.10 million.

LCNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Tuesday, May 31st. LCNB’s dividend payout ratio is currently 49.08%.

Insider Transactions at LCNB

In related news, Director William H. Kaufman bought 3,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were acquired at an average price of $16.45 per share, for a total transaction of $49,350.00. Following the completion of the transaction, the director now directly owns 13,040 shares in the company, valued at $214,508. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased 7,158 shares of company stock worth $117,496 over the last quarter. 5.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LCNB

Several institutional investors have recently modified their holdings of LCNB. MCF Advisors LLC purchased a new position in shares of LCNB during the first quarter worth approximately $28,000. Jane Street Group LLC acquired a new stake in LCNB in the first quarter valued at about $228,000. Acadian Asset Management LLC purchased a new position in LCNB in the first quarter worth $276,000. 683 Capital Management LLC purchased a new stake in shares of LCNB during the 4th quarter worth $410,000. Finally, Wealthquest Corp grew its stake in shares of LCNB by 6.5% during the 4th quarter. Wealthquest Corp now owns 21,000 shares of the bank’s stock worth $410,000 after purchasing an additional 1,280 shares during the period. Institutional investors and hedge funds own 48.68% of the company’s stock.

LCNB Company Profile

(Get Rating)

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 certificates of deposit. 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.

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