LCNB (NASDAQ:LCNB) Shares Cross Below 200-Day Moving Average – Here’s What Happened

LCNB Corporation (NASDAQ:LCNB)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.55 and traded as low as $15.95. LCNB shares last traded at $16.00, with a volume of 34,814 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of LCNB in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, LCNB currently has an average rating of “Buy”.

LCNB Price Performance

The stock’s fifty day moving average price is $16.34 and its 200-day moving average price is $16.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $228 million, a price-to-earnings ratio of 9.94 and a beta of 0.58.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). LCNB had a net margin of 18.50% and a return on equity of 8.48%. The firm had revenue of $23.54 million for the quarter, compared to analyst estimates of $23.30 million. Equities research analysts predict that LCNB Corporation will post 1.67 EPS for the current fiscal year.

LCNB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.5%. The ex-dividend date is Monday, June 1st. LCNB’s dividend payout ratio is currently 54.66%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co increased its stake in 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 buying an additional 603 shares during the period. BNP Paribas Financial Markets increased its stake in LCNB by 182.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock valued at $54,000 after buying an additional 2,328 shares during the period. Tower Research Capital LLC TRC increased its stake in LCNB by 202.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock valued at $55,000 after buying an additional 2,546 shares during the period. Los Angeles Capital Management LLC acquired a new position in LCNB in the 4th quarter valued at approximately $146,000. Finally, Quadrature Capital Ltd acquired a new position in shares of LCNB during the 4th quarter worth $171,000. Institutional investors and hedge funds 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.