LCNB (NASDAQ:LCNB) Stock Crosses Above 50-Day Moving Average - Here's Why

LCNB Corp. (NASDAQ:LCNB - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.21 and traded as high as $17.08. LCNB shares last traded at $16.86, with a volume of 10,547 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of LCNB from a "sell" rating to a "hold" rating in a report on Wednesday, September 18th.

LCNB Stock Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The business's fifty day simple moving average is $16.21 and its 200-day simple moving average is $15.07. The firm has a market capitalization of $240.01 million, a PE ratio of 33.35 and a beta of 0.77.

LCNB (NASDAQ:LCNB - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The company had revenue of $32.81 million for the quarter, compared to the consensus estimate of $21.30 million. As a group, equities research analysts expect that LCNB Corp. will post 1.09 EPS for the current year.

LCNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.17%. LCNB's dividend payout ratio is 172.55%.

Hedge Funds Weigh In On LCNB

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of LCNB by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank's stock valued at $4,514,000 after purchasing an additional 19,687 shares during the last quarter. Souders Financial Advisors purchased a new stake in LCNB during the second quarter worth $231,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in LCNB by 117.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,413 shares of the bank's stock worth $383,000 after purchasing an additional 13,716 shares during the period. Financial Counselors Inc. acquired a new stake in LCNB in the 2nd quarter valued at $172,000. Finally, Barclays PLC increased its stake in LCNB by 79.3% during the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank's stock worth $419,000 after buying an additional 12,322 shares in the last quarter. 34.73% of the stock is 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.