LCNB (NASDAQ:LCNB) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of LCNB Corporation (NASDAQ:LCNB) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.67 and traded as high as $18.25. LCNB shares last traded at $17.74, with a volume of 53,732 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of LCNB from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

LCNB Stock Up 3.5%

The company has a 50-day moving average of $16.70 and a 200-day moving average of $16.74. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $259.35 million, a price-to-earnings ratio of 11.30 and a beta of 0.58.

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

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, June 1st. LCNB’s payout ratio is currently 54.66%.

Institutional Investors Weigh In On LCNB

Several institutional investors and hedge funds have recently made changes to their positions in LCNB. Dimensional Fund Advisors LP increased its position in shares of LCNB by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock valued at $8,162,000 after acquiring an additional 28,883 shares during the period. Lcnb Corp grew its stake in LCNB by 0.9% during the 4th quarter. Lcnb Corp now owns 506,663 shares of the bank’s stock valued at $8,304,000 after purchasing an additional 4,675 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of LCNB by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock valued at $5,402,000 after purchasing an additional 1,171 shares during the period. State Street Corp increased its holdings in shares of LCNB by 0.3% in the fourth quarter. State Street Corp now owns 180,882 shares of the bank’s stock valued at $2,965,000 after purchasing an additional 623 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of LCNB by 13.2% in the first quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock worth $2,436,000 after purchasing an additional 18,167 shares during the last quarter. 34.73% of the stock is currently owned by institutional investors and hedge funds.

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.