LCNB (NASDAQ:LCNB) Stock Passes Below 200-Day Moving Average of $15.01

LCNB Corp. (NASDAQ:LCNB) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.01 and traded as low as $14.93. LCNB shares last traded at $15.16, with a volume of 54,936 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of LCNB from a “hold” rating to a “sell” rating in a report on Friday, October 27th.

LCNB Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day simple moving average is $14.37 and its 200-day simple moving average is $15.01. The firm has a market capitalization of $168.58 million, a PE ratio of 8.76 and a beta of 0.74.

LCNB Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Thursday, August 31st. LCNB’s dividend payout ratio (DPR) is presently 48.55%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in shares of LCNB by 898.8% in the first quarter. Tower Research Capital LLC TRC now owns 2,427 shares of the bank’s stock valued at $40,000 after purchasing an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of LCNB in the third quarter valued at $36,000. BNP Paribas Arbitrage SNC purchased a new position in shares of LCNB in the second quarter valued at $40,000. California State Teachers Retirement System purchased a new position in shares of LCNB in the second quarter valued at $52,000. Finally, American International Group Inc. purchased a new position in shares of LCNB in the second quarter valued at $75,000. 38.14% of the stock is owned by hedge funds and other institutional investors.

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.