LCNB (NASDAQ:LCNB) Stock Passes Below 200-Day Moving Average of $14.76

LCNB Corp. (NASDAQ:LCNB)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.76 and traded as low as $12.64. LCNB shares last traded at $13.14, with a volume of 25,946 shares trading hands.

LCNB Trading Up 4.1 %

The company’s fifty day moving average is $14.28 and its two-hundred day moving average is $14.76. The stock has a market cap of $185.84 million, a price-to-earnings ratio of 14.28 and a beta of 0.79. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.70.

LCNB (NASDAQ:LCNB) last issued its earnings results on Tuesday, April 30th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.16). The firm had revenue of $17.82 million during the quarter, compared to analyst estimates of $21.20 million. LCNB had a net margin of 10.16% and a return on equity of 7.31%. On average, research analysts predict that LCNB Corp. will post 0.88 EPS for the current fiscal year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.22 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 6.70%. LCNB’s payout ratio is currently 95.65%.

Institutional Trading of LCNB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Wealth Strategies L.L.C. grew its position in shares of LCNB by 2.7% during the fourth quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock worth $492,000 after acquiring an additional 819 shares during the last quarter. Horan Securities Inc. purchased a new position in shares of LCNB during the fourth quarter worth approximately $1,178,000. Panagora Asset Management Inc. purchased a new position in shares of LCNB during the fourth quarter worth approximately $273,000. New York State Common Retirement Fund grew its position in shares of LCNB by 427.8% during the fourth quarter. New York State Common Retirement Fund now owns 4,697 shares of the bank’s stock worth $74,000 after acquiring an additional 3,807 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new position in shares of LCNB during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

About LCNB

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.