LCNB (NASDAQ:LCNB) Shares Pass Below 200 Day Moving Average – Time to Sell?

LCNB Corporation (NASDAQ:LCNB)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.22 and traded as low as $15.63. LCNB shares last traded at $15.69, with a volume of 42,982 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded LCNB from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, LCNB has an average rating of “Buy”.

LCNB Trading Down 2.6%

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38. The firm has a market cap of $223.43 million, a price-to-earnings ratio of 9.63 and a beta of 0.57. The business has a 50 day moving average of $17.02 and a 200 day moving average of $16.22.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $23.86 million for the quarter, compared to analysts’ expectations of $17.90 million. LCNB had a net margin of 18.57% and a return on equity of 8.68%. On average, research analysts forecast that LCNB Corporation will post 1.65 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.22 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.6%. LCNB’s payout ratio is presently 53.99%.

Insiders Place Their Bets

In other news, EVP Michael Robert Miller sold 2,759 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $17.75, for a total value of $48,972.25. Following the transaction, the executive vice president owned 16,798 shares of the company’s stock, valued at approximately $298,164.50. This trade represents a 14.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. HORAN Wealth LLC bought a new stake in shares of LCNB in the third quarter worth $1,128,000. Bahl & Gaynor Inc. acquired a new position in LCNB during the 2nd quarter worth $217,000. MAI Capital Management increased its position in shares of LCNB by 166.4% in the 2nd quarter. MAI Capital Management now owns 5,700 shares of the bank’s stock worth $83,000 after purchasing an additional 3,560 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of LCNB by 57.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock valued at $27,000 after purchasing an additional 603 shares in the last quarter. Finally, Maltese Capital Management LLC bought a new position in shares of LCNB during the fourth quarter worth about $336,000. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.