LCNB (NASDAQ:LCNB) Share Price Passes Above 200-Day Moving Average – Should You Sell?

LCNB Corporation (NASDAQ:LCNB)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.45 and traded as high as $19.65. LCNB shares last traded at $19.43, with a volume of 29,336 shares.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of LCNB from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of LCNB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, LCNB has an average rating of “Strong Buy”.

LCNB Stock Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $19.05 and a 200 day moving average price of $17.45. The firm has a market capitalization of $276.97 million, a PE ratio of 11.23 and a beta of 0.56.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. LCNB had a return on equity of 8.92% and a net margin of 19.69%.The firm had revenue of $25.14 million for the quarter, compared to the consensus estimate of $24.00 million. Research analysts expect that LCNB Corporation will post 1.73 earnings per share for the current year.

LCNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 1st. LCNB’s payout ratio is currently 50.87%.

Institutional Trading of LCNB

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of LCNB by 356.7% in the second quarter. California State Teachers Retirement System now owns 3,325 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,597 shares during the period. Hsbc Holdings PLC increased its stake in LCNB by 9.9% during the 2nd quarter. Hsbc Holdings PLC now owns 48,522 shares of the bank’s stock worth $849,000 after buying an additional 4,357 shares during the period. Kimelman & Baird LLC purchased a new stake in LCNB during the 2nd quarter worth approximately $202,000. Empowered Funds LLC acquired a new stake in LCNB during the 2nd quarter worth approximately $1,431,000. Finally, Axim Planning & Wealth acquired a new stake in LCNB during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

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.