Shares of LCNB Corporation (NASDAQ:LCNB – Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.21 and traded as high as $16.81. LCNB shares last traded at $16.74, with a volume of 24,376 shares traded.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of LCNB in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, LCNB has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on LCNB
LCNB Trading Up 2.5%
LCNB (NASDAQ:LCNB – Get Free Report) last released its earnings results on Wednesday, April 22nd. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $23.54 million during the quarter, compared to the consensus estimate of $23.30 million. LCNB had a net margin of 18.50% and a return on equity of 8.48%. As a group, analysts predict that LCNB Corporation will post 1.67 earnings per share for the current fiscal year.
LCNB Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 5.3%. LCNB’s dividend payout ratio (DPR) is 54.66%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of LCNB. CANADA LIFE ASSURANCE Co grew 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 valued at $27,000 after acquiring an additional 603 shares during the period. BNP Paribas Financial Markets grew its position 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 valued at $54,000 after acquiring an additional 2,328 shares during the period. Tower Research Capital LLC TRC grew its position 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 valued at $55,000 after acquiring an additional 2,546 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of LCNB in the 4th quarter valued at about $146,000. Finally, Quadrature Capital Ltd bought a new position in shares of LCNB in the 4th quarter valued at about $171,000. 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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