LCNB (NASDAQ:LCNB) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

LCNB Corporation (NASDAQ:LCNB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.46 and traded as low as $15.70. LCNB shares last traded at $15.98, with a volume of 12,292 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of LCNB in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

LCNB Stock Performance

The stock has a market cap of $227.72 million, a PE ratio of 9.93 and a beta of 0.57. 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 stock has a 50-day moving average of $16.23 and a 200 day moving average of $16.46.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). LCNB had a return on equity of 8.48% and a net margin of 18.50%.The company had revenue of $23.54 million for the quarter, compared to analysts’ expectations of $23.30 million. Equities 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. Investors of record on Monday, June 1st will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 5.5%. LCNB’s dividend payout ratio (DPR) is presently 54.66%.

Hedge Funds Weigh In On LCNB

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in LCNB by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after buying an additional 28,883 shares in the last quarter. Lcnb Corp lifted its position in LCNB by 0.9% during the fourth quarter. Lcnb Corp now owns 506,663 shares of the bank’s stock worth $8,304,000 after buying an additional 4,675 shares in the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. State Street Corp lifted its position in LCNB by 0.3% during 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. Finally, Renaissance Technologies LLC lifted its position in LCNB by 13.2% during the first quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock worth $2,436,000 after buying an additional 18,167 shares in the last quarter. Hedge funds and other 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.