LCNB (NASDAQ:LCNB) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

LCNB Corp. (NASDAQ:LCNB)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.34 and traded as low as $14.30. LCNB shares last traded at $14.54, with a volume of 11,775 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com upgraded LCNB from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Hovde Group initiated coverage on LCNB in a research report on Friday, December 20th. They set a “market perform” rating and a $16.25 price target on the stock.

LCNB Stock Performance

The firm’s fifty day simple moving average is $16.28 and its 200 day simple moving average is $15.34. 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 company has a market capitalization of $205.16 million, a PE ratio of 28.51 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $32.81 million during the quarter, compared to the consensus estimate of $21.30 million. LCNB had a net margin of 5.88% and a return on equity of 6.39%. On average, research analysts predict that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.22 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.05%. LCNB’s dividend payout ratio is currently 172.55%.

Hedge Funds Weigh In On LCNB

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in LCNB by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock valued at $179,000 after buying an additional 1,207 shares during the period. State Street Corp increased its stake in LCNB by 1.3% in the third quarter. State Street Corp now owns 153,579 shares of the bank’s stock valued at $2,314,000 after purchasing an additional 2,025 shares during the period. Empowered Funds LLC increased its stake in LCNB by 5.3% in the third quarter. Empowered Funds LLC now owns 55,826 shares of the bank’s stock valued at $841,000 after purchasing an additional 2,814 shares during the period. Allworth Financial LP purchased a new stake in shares of LCNB in the third quarter valued at about $50,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of LCNB by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank’s stock valued at $811,000 after acquiring an additional 5,237 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.