LCNB (NASDAQ:LCNB) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

LCNB Corp. (NASDAQ:LCNB - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.55 and traded as low as $14.52. LCNB shares last traded at $15.09, with a volume of 17,318 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com raised LCNB from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Hovde Group assumed coverage on shares of LCNB in a research note on Friday, December 20th. They set a "market perform" rating and a $16.25 price target for the company.

LCNB Stock Performance

The firm has a market capitalization of $210.25 million, a P/E ratio of 15.31 and a beta of 0.79. 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 firm has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $15.54.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 earnings per share 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%. On average, analysts forecast that LCNB Corp. will post 1.65 EPS for the current fiscal year.

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LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.22 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.93%. LCNB's payout ratio is 90.72%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of LCNB by 240.2% during the 4th 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 grew its holdings in LCNB by 51.4% during the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank's stock worth $248,000 after acquiring an additional 5,565 shares in the last quarter. Squarepoint Ops LLC grew its holdings in LCNB by 53.0% during the 4th quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank's stock worth $255,000 after acquiring an additional 5,834 shares in the last quarter. Bank of America Corp DE increased its position in LCNB by 29.0% during 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. raised its holdings in shares of LCNB by 268.9% in 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. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

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.