LCNB (NASDAQ:LCNB) Stock Crosses Below 200-Day Moving Average of $14.78

LCNB Corp. (NASDAQ:LCNB) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.78 and traded as low as $14.61. LCNB shares last traded at $15.39, with a volume of 16,274 shares traded.

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 3.6 %

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $14.67 and a 200-day simple moving average of $14.79. The company has a market capitalization of $210.73 million, a PE ratio of 13.98 and a beta of 0.73.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). LCNB had a net margin of 13.29% and a return on equity of 8.31%. The business had revenue of $19.27 million during the quarter, compared to analyst estimates of $18.30 million. Analysts predict that LCNB Corp. will post 1.44 EPS for the current year.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Thursday, February 29th. LCNB’s dividend payout ratio is currently 77.19%.

Insider Buying and Selling at LCNB

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaMark Advisors LLC purchased a new position in shares of LCNB in the 4th quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of LCNB in the 3rd quarter valued at approximately $36,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of LCNB in the 2nd quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its holdings in shares of LCNB by 898.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,427 shares of the bank’s stock valued at $40,000 after buying an additional 2,184 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in shares of LCNB in the 2nd quarter valued at approximately $52,000. 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.