LCNB (NASDAQ:LCNB) Share Price Passes Below 200-Day Moving Average of $14.78

LCNB Corp. (NASDAQ:LCNB) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.78 and traded as low as $14.61. LCNB shares last traded at $15.39, with a volume of 16,274 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of LCNB from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th.

LCNB Trading Up 4.9 %

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $14.65 and its 200-day moving average is $14.78. The firm has a market cap of $203.46 million, a P/E ratio of 13.50 and a beta of 0.73.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $19.27 million during the quarter, compared to the consensus estimate of $18.30 million. LCNB had a return on equity of 8.31% and a net margin of 13.29%. As a group, analysts forecast that LCNB Corp. will post 1.44 earnings per share for the current fiscal year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend was Thursday, February 29th. LCNB’s dividend payout ratio is presently 77.19%.

Insiders Place Their Bets

In other LCNB news, EVP Lawrence P. Jr. Mulligan acquired 2,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of $14.30 per share, with a total value of $35,750.00. Following the completion of the acquisition, the executive vice president now directly owns 18,939 shares in the company, valued at approximately $270,827.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Lawrence P. Jr. Mulligan purchased 4,000 shares of LCNB stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $13.95 per share, with a total value of $55,800.00. Following the completion of the acquisition, the executive vice president now owns 16,439 shares in the company, valued at approximately $229,324.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lawrence P. Jr. Mulligan purchased 2,500 shares of LCNB stock in a transaction dated Thursday, February 8th. The shares were purchased at an average cost of $14.30 per share, with a total value of $35,750.00. Following the acquisition, the executive vice president now owns 18,939 shares of the company’s stock, valued at approximately $270,827.70. The disclosure for this purchase can be found here. Insiders acquired a total of 9,476 shares of company stock valued at $133,651 over the last 90 days. 5.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On LCNB

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of LCNB by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 535,163 shares of the bank’s stock valued at $8,440,000 after acquiring an additional 5,288 shares during the period. Barclays PLC boosted its holdings in shares of LCNB by 95.1% during the fourth quarter. Barclays PLC now owns 25,639 shares of the bank’s stock valued at $404,000 after acquiring an additional 12,497 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of LCNB by 10.5% during the fourth quarter. Nuveen Asset Management LLC now owns 15,385 shares of the bank’s stock valued at $243,000 after acquiring an additional 1,460 shares during the period. Citadel Advisors LLC bought a new stake in shares of LCNB during the fourth quarter valued at about $204,000. Finally, Royal Bank of Canada raised its stake in shares of LCNB by 13.5% during the fourth quarter. Royal Bank of Canada now owns 23,908 shares of the bank’s stock valued at $377,000 after purchasing an additional 2,842 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Company Profile

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.