LCNB (NASDAQ:LCNB) Stock Price Passes Below 200-Day Moving Average – What’s Next?

LCNB Corporation (NASDAQ:LCNB)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.55 and traded as low as $15.95. LCNB shares last traded at $16.00, with a volume of 34,814 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, the company has an average rating of “Buy”.

LCNB Stock Up 1.8%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $239.69 million, a PE ratio of 10.45 and a beta of 0.58. The firm’s 50-day simple moving average is $16.37 and its 200 day simple moving average is $16.56.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). LCNB had a net margin of 18.50% and a return on equity of 8.48%. The company had revenue of $23.54 million during the quarter, compared to analysts’ expectations of $23.30 million. As a group, equities research analysts forecast that LCNB Corporation will post 1.67 earnings per share for the current year.

LCNB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Monday, June 1st. LCNB’s dividend payout ratio (DPR) is presently 54.66%.

Institutional Investors Weigh In On LCNB

A number of institutional investors and hedge funds have recently modified their holdings of LCNB. Segall Bryant & Hamill LLC purchased a new position in LCNB in the 1st quarter valued at approximately $802,000. Bank of America Corp DE grew its holdings in LCNB by 5.9% in the first quarter. Bank of America Corp DE now owns 37,411 shares of the bank’s stock valued at $583,000 after purchasing an additional 2,079 shares during the last quarter. Empowered Funds LLC grew its holdings in LCNB by 6.6% in the first quarter. Empowered Funds LLC now owns 76,829 shares of the bank’s stock valued at $1,198,000 after purchasing an additional 4,723 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of LCNB by 13.2% in the first quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock valued at $2,436,000 after buying an additional 18,167 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of LCNB by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock valued at $8,162,000 after buying an additional 28,883 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

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.