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

Shares of LCNB Corp. (NASDAQ:LCNB - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.34 and traded as low as $14.30. LCNB shares last traded at $14.54, with a volume of 11,775 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on LCNB. Hovde Group began coverage on shares of LCNB in a report on Friday, December 20th. They issued a "market perform" rating and a $16.25 target price on the stock. StockNews.com upgraded shares of LCNB from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th.

LCNB Trading Up 0.7 %

The business's 50 day moving average price is $16.28 and its two-hundred day moving average price is $15.34. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $206.57 million, a price-to-earnings ratio of 28.71 and a beta of 0.79.

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 the consensus estimate of $0.27 by $0.04. LCNB had a net margin of 5.88% and a return on equity of 6.39%. The business had revenue of $32.81 million for the quarter, compared to the consensus estimate of $21.30 million. On average, equities analysts predict that LCNB Corp. will post 1.09 earnings per share for the current fiscal year.

LCNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.01%. LCNB's dividend payout ratio (DPR) is currently 172.55%.

Institutional Trading of LCNB

Several hedge funds have recently modified their holdings of LCNB. Bank of New York Mellon Corp increased its stake in shares of LCNB by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank's stock valued at $811,000 after acquiring an additional 5,237 shares in the last quarter. Rhumbline Advisers increased its stake in LCNB by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank's stock valued at $179,000 after purchasing an additional 1,207 shares in the last quarter. Renaissance Technologies LLC increased its stake in LCNB by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 114,916 shares of the bank's stock valued at $1,598,000 after purchasing an additional 5,700 shares in the last quarter. Kimelman & Baird LLC bought a new stake in LCNB during the 2nd quarter valued at $160,000. Finally, Souders Financial Advisors bought a new stake in LCNB during the 2nd quarter valued at $231,000. 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.