LCNB (NASDAQ:LCNB) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of LCNB Corporation (NASDAQ:LCNB) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.66 and traded as high as $17.25. LCNB shares last traded at $17.06, with a volume of 49,739 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

LCNB Price Performance

The company has a market capitalization of $243.10 million, a PE ratio of 10.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50 day simple moving average is $16.58 and its 200 day simple moving average is $16.66.

LCNB (NASDAQ:LCNB) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.31 earnings per share (EPS) 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 firm had revenue of $23.54 million for the quarter, compared to analysts’ expectations of $23.30 million. As a group, sell-side analysts predict that LCNB Corporation will post 1.67 earnings per share for the current year.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.2%. LCNB’s payout ratio is presently 54.66%.

Institutional Investors Weigh In On LCNB

Several hedge funds have recently modified their holdings of LCNB. CANADA LIFE ASSURANCE Co increased its stake in LCNB by 57.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock valued at $27,000 after buying an additional 603 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of LCNB by 182.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock worth $54,000 after acquiring an additional 2,328 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of 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 during the period. Los Angeles Capital Management LLC purchased a new stake in shares of LCNB in the fourth quarter valued at about $146,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of LCNB in the fourth quarter valued at about $171,000. 34.73% of the stock is 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.