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

LCNB Corporation (NASDAQ:LCNB) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.20 and traded as low as $15.79. LCNB shares last traded at $15.83, with a volume of 33,819 shares.

Analyst Upgrades and Downgrades

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

LCNB Stock Down 0.9%

The company’s 50-day simple moving average is $16.92 and its two-hundred day simple moving average is $16.20. The firm has a market capitalization of $225.42 million, a P/E ratio of 9.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93.

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

LCNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.88 annualized dividend and a dividend yield of 5.6%. LCNB’s dividend payout ratio (DPR) is 53.99%.

Insider Buying and Selling at LCNB

In other news, EVP Michael Robert Miller sold 2,759 shares of LCNB stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $17.75, for a total transaction of $48,972.25. Following the transaction, the executive vice president directly owned 16,798 shares of the company’s stock, valued at $298,164.50. The trade was a 14.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LCNB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HORAN Wealth LLC purchased a new stake in shares of LCNB in the third quarter worth $1,128,000. Dimensional Fund Advisors LP lifted its stake in shares of LCNB by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 494,644 shares of the bank’s stock valued at $8,107,000 after buying an additional 22,124 shares in the last quarter. Maltese Capital Management LLC purchased a new position in shares of LCNB during the 4th quarter valued at $336,000. Bailard Inc. bought a new position in LCNB in the 4th quarter worth $312,000. Finally, Goldman Sachs Group Inc. boosted its holdings in LCNB by 37.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 62,382 shares of the bank’s stock worth $1,022,000 after buying an additional 17,044 shares during the period. Institutional investors own 34.73% of the company’s stock.

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.