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

LCNB Corp. (NASDAQ:LCNB)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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

LCNB Price Performance

The stock has a market capitalization of $201.74 million, a P/E ratio of 13.39 and a beta of 0.74. 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 $14.72 and a two-hundred day simple moving average of $14.83.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, January 31st. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $19.27 million for the quarter, compared to the consensus estimate of $18.30 million. LCNB had a return on equity of 8.31% and a net margin of 13.29%. Sell-side analysts expect that LCNB Corp. will post 1.44 EPS for the current fiscal year.

LCNB Dividend Announcement

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

Insider Activity

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

Institutional Investors Weigh In On LCNB

A number of institutional investors and hedge funds have recently made changes to their positions in LCNB. AlphaMark Advisors LLC bought a new stake in shares of LCNB during the 4th quarter worth approximately $26,000. Allspring Global Investments Holdings LLC bought a new stake in LCNB in the 3rd quarter valued at $36,000. New York State Common Retirement Fund raised its stake in LCNB by 427.8% in the 4th quarter. New York State Common Retirement Fund now owns 4,697 shares of the bank’s stock valued at $74,000 after acquiring an additional 3,807 shares during the period. Baker Ellis Asset Management LLC bought a new stake in LCNB in the 1st quarter valued at $175,000. Finally, Panagora Asset Management Inc. bought a new stake in LCNB in the 4th quarter valued at $273,000. Institutional investors own 34.73% of the company’s stock.

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.