LCNB (NASDAQ:LCNB) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of LCNB Corporation (NASDAQ:LCNB) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $16.21 and traded as high as $16.81. LCNB shares last traded at $16.74, with a volume of 24,376 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of LCNB in a research report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, LCNB has a consensus rating of “Buy”.

LCNB Price Performance

The company’s fifty day moving average is $16.21 and its two-hundred day moving average is $16.50. The firm has a market capitalization of $238.48 million, a price-to-earnings ratio of 10.40 and a beta of 0.57. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). LCNB had a net margin of 18.50% and a return on equity of 8.48%. The business had revenue of $23.54 million during the quarter, compared to analyst estimates of $23.30 million. Equities research analysts anticipate that LCNB Corporation will post 1.67 earnings per share for the current fiscal year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.22 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.88 annualized dividend and a yield of 5.3%. LCNB’s dividend payout ratio (DPR) is 54.66%.

Institutional Investors Weigh In On LCNB

Several hedge funds have recently bought and sold shares of LCNB. HORAN Wealth LLC bought a new stake in shares of LCNB during the third quarter worth $1,128,000. Segall Bryant & Hamill LLC bought a new stake in shares of LCNB during the first quarter worth $802,000. Kestra Advisory Services LLC bought a new stake in shares of LCNB during the first quarter worth $455,000. Dimensional Fund Advisors LP increased its position in shares of LCNB by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after acquiring an additional 28,883 shares in the last quarter. Finally, Maltese Capital Management LLC bought a new stake in shares of LCNB during the fourth quarter worth $336,000. 34.73% of the stock is currently owned by institutional investors and hedge funds.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.