LCNB (NASDAQ:LCNB) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

LCNB Corp. (NASDAQ:LCNB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.58 and traded as low as $14.74. LCNB shares last traded at $15.11, with a volume of 35,877 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of LCNB from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Hovde Group initiated coverage on shares of LCNB in a research report on Friday, December 20th. They issued a "market perform" rating and a $16.25 price objective for the company.

LCNB Trading Down 0.4 %

The business's 50-day moving average price is $15.10 and its 200 day moving average price is $15.60. The company has a market cap of $212.36 million, a P/E ratio of 15.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. As a group, analysts expect that LCNB Corp. will post 1.65 earnings per share for the current year.

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LCNB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Monday, March 3rd. LCNB's dividend payout ratio is presently 90.72%.

Institutional Trading of LCNB

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in LCNB by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 55,826 shares of the bank's stock worth $841,000 after purchasing an additional 2,814 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 in the last quarter. State Street Corp raised its stake in LCNB by 1.3% in the 3rd quarter. State Street Corp now owns 153,579 shares of the bank's stock worth $2,314,000 after purchasing an additional 2,025 shares in the last quarter. Barclays PLC raised its stake in LCNB by 79.3% in the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank's stock worth $419,000 after purchasing an additional 12,322 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in LCNB by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank's stock worth $4,514,000 after purchasing an additional 19,687 shares in the last quarter. Institutional investors and hedge funds 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.