LCNB (NASDAQ:LCNB) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

LCNB Corp. (NASDAQ:LCNB - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.39 and traded as low as $14.00. LCNB shares last traded at $14.17, with a volume of 14,180 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded LCNB from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

LCNB Stock Performance

The firm has a market capitalization of $207.26 million, a PE ratio of 15.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. The company's fifty day simple moving average is $14.63 and its 200 day simple moving average is $15.39.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). LCNB had a net margin of 10.76% and a return on equity of 7.12%. The business had revenue of $21.52 million for the quarter, compared to analysts' expectations of $15.80 million. As a group, equities research analysts expect that LCNB Corp. will post 1.65 EPS for the current fiscal year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.02%. LCNB's payout ratio is 90.72%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LCNB. Tower Research Capital LLC TRC lifted its holdings in shares of LCNB by 240.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank's stock worth $47,000 after buying an additional 2,205 shares in the last quarter. Deutsche Bank AG lifted its stake in LCNB by 51.4% in the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank's stock worth $248,000 after purchasing an additional 5,565 shares in the last quarter. Squarepoint Ops LLC lifted its stake in LCNB by 53.0% in the 4th quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank's stock worth $255,000 after purchasing an additional 5,834 shares in the last quarter. Bank of America Corp DE boosted its holdings in LCNB by 29.0% in the 4th quarter. Bank of America Corp DE now owns 19,131 shares of the bank's stock valued at $289,000 after purchasing an additional 4,306 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of LCNB by 268.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank's stock valued at $308,000 after purchasing an additional 14,904 shares in the last quarter. Institutional investors 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.