LCNB Corporation (NASDAQ:LCNB – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.98 and traded as high as $18.18. LCNB shares last traded at $17.90, with a volume of 29,372 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on LCNB
LCNB Trading Up 1.8%
LCNB (NASDAQ:LCNB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share for the quarter. LCNB had a return on equity of 8.48% and a net margin of 18.50%.The business had revenue of $25.14 million for the quarter. As a group, equities research analysts anticipate that LCNB Corporation will post 1.67 earnings per share for the current year.
LCNB Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 4.9%. LCNB’s payout ratio is currently 54.66%.
Hedge Funds Weigh In On LCNB
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its position in shares of LCNB by 57.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock worth $27,000 after purchasing an additional 603 shares in the last quarter. State Street Corp increased its position in LCNB by 0.3% during the 4th quarter. State Street Corp now owns 180,882 shares of the bank’s stock valued at $2,965,000 after buying an additional 623 shares in the last quarter. Souders Financial Advisors increased its position in LCNB by 4.8% during the 4th quarter. Souders Financial Advisors now owns 17,734 shares of the bank’s stock valued at $291,000 after buying an additional 813 shares in the last quarter. LPL Financial LLC raised its stake in LCNB by 4.4% during the fourth quarter. LPL Financial LLC now owns 27,904 shares of the bank’s stock valued at $457,000 after buying an additional 1,167 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in LCNB by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock worth $5,402,000 after acquiring an additional 1,171 shares in the last quarter. Hedge funds and other institutional investors own 34.73% of the company’s stock.
About LCNB
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.
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