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

LCNB Corporation (NASDAQ:LCNB) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.96 and traded as low as $14.67. LCNB shares last traded at $14.72, with a volume of 31,557 shares changing hands.

Analysts Set New Price Targets

LCNB has been the topic of several recent research reports. Wall Street Zen cut shares of LCNB from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings restated a “hold (c+)” rating on shares of LCNB in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.25.

LCNB Price Performance

The company has a market capitalization of $208.67 million, a P/E ratio of 9.88 and a beta of 0.58. The firm’s fifty day moving average is $15.45 and its 200 day moving average is $14.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Wednesday, August 28th. The bank reported $0.45 EPS for the quarter. The company had revenue of $17.82 million for the quarter. LCNB had a net margin of 16.62% and a return on equity of 8.26%. As a group, analysts predict that LCNB Corporation will post 1.65 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Tuesday, September 2nd. LCNB’s dividend payout ratio is currently 59.06%.

Hedge Funds Weigh In On LCNB

Hedge funds have recently added to or reduced their stakes in the stock. MAI Capital Management bought a new position in LCNB in the 1st quarter worth about $32,000. CWM LLC grew its stake in LCNB by 191.7% in the 3rd quarter. CWM LLC now owns 2,491 shares of the bank’s stock worth $37,000 after acquiring an additional 1,637 shares in the last quarter. Tower Research Capital LLC TRC grew 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 worth $55,000 after acquiring an additional 2,546 shares in the last quarter. Allworth Financial LP grew its stake in LCNB by 100.0% in the 1st quarter. Allworth Financial LP now owns 6,570 shares of the bank’s stock worth $95,000 after acquiring an additional 3,285 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in LCNB in the 2nd quarter worth about $154,000. 34.73% of the stock is currently owned by institutional investors.

About LCNB

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.