LCNB (NASDAQ:LCNB) Share Price Crosses Above 50-Day Moving Average – What’s Next?

LCNB Corporation (NASDAQ:LCNB) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $17.03 and traded as high as $17.51. LCNB shares last traded at $16.71, with a volume of 21,199 shares changing hands.

Wall Street Analysts Forecast Growth

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

LCNB Price Performance

The stock’s 50 day moving average price is $17.04 and its 200-day moving average price is $16.21. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $236.41 million, a PE ratio of 10.22 and a beta of 0.57.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $23.86 million during the quarter, compared to analysts’ expectations of $17.90 million. LCNB had a return on equity of 8.76% and a net margin of 18.57%. As a group, equities analysts forecast that LCNB Corporation will post 1.65 EPS for the current year.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, March 2nd. LCNB’s payout ratio is currently 53.99%.

Insider Activity

In related news, EVP Michael Robert Miller sold 2,759 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was 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 $298,164.50. This represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co lifted its position 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 worth $27,000 after purchasing an additional 603 shares during the period. State Street Corp raised its stake in LCNB by 0.3% in the fourth quarter. State Street Corp now owns 180,882 shares of the bank’s stock worth $2,965,000 after buying an additional 623 shares in the last quarter. Souders Financial Advisors raised its stake in LCNB by 4.8% in the fourth quarter. Souders Financial Advisors now owns 17,734 shares of the bank’s stock worth $291,000 after buying an additional 813 shares in the last quarter. LPL Financial LLC lifted its holdings in LCNB by 4.4% during the fourth quarter. LPL Financial LLC now owns 27,904 shares of the bank’s stock worth $457,000 after buying an additional 1,167 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in LCNB by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock worth $5,402,000 after buying an additional 1,171 shares during the period. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

LCNB Company Profile

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.