LCNB (NASDAQ:LCNB) Share Price Crosses Below 200-Day Moving Average of $14.81

Shares of LCNB Corp. (NASDAQ:LCNB) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.81 and traded as low as $14.71. LCNB shares last traded at $15.11, with a volume of 27,586 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut LCNB from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th.

LCNB Trading Up 0.2 %

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 firm has a market cap of $201.74 million, a price-to-earnings ratio of 13.39 and a beta of 0.74. The business has a 50 day moving average of $14.72 and a 200 day moving average of $14.83.

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

LCNB Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Thursday, February 29th. LCNB’s payout ratio is 77.19%.

Insiders Place Their Bets

In other news, EVP Lawrence P. Jr. Mulligan acquired 2,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $14.30 per share, for a total transaction of $35,750.00. Following 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 filing with the SEC, which is available through this link. In related news, EVP Lawrence P. Jr. Mulligan bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average cost of $13.95 per share, for a total transaction of $55,800.00. Following the acquisition, the executive vice president now owns 16,439 shares in the company, valued at approximately $229,324.05. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lawrence P. Jr. Mulligan bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average price of $14.30 per share, for a total transaction of $35,750.00. Following the completion of the acquisition, the executive vice president now owns 18,939 shares in the company, valued at approximately $270,827.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 9,476 shares of company stock valued at $133,651. Insiders own 5.79% of the company’s stock.

Institutional Investors Weigh In On LCNB

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of LCNB during the 3rd quarter valued at about $36,000. AlphaMark Advisors LLC purchased a new stake in shares of LCNB during the 4th quarter valued at about $26,000. Hengehold Capital Management LLC purchased a new stake in shares of LCNB during the 4th quarter valued at about $279,000. Baker Ellis Asset Management LLC purchased a new stake in shares of LCNB during the 1st quarter valued at about $175,000. Finally, Private Wealth Strategies L.L.C. raised its holdings in shares of LCNB by 2.7% during the 4th quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock valued at $492,000 after buying an additional 819 shares during the period. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

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.