LCNB (NASDAQ:LCNB) Shares Cross Above 200-Day Moving Average – Should You Sell?

LCNB Corporation (NASDAQ:LCNB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.66 and traded as high as $17.25. LCNB shares last traded at $17.06, with a volume of 49,739 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised LCNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

LCNB Stock Performance

The stock’s 50-day moving average price is $16.58 and its 200-day moving average price is $16.66. The company has a market capitalization of $243.10 million, a price-to-earnings ratio of 10.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93.

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

LCNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.22 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 5.2%. LCNB’s payout ratio is currently 54.66%.

Institutional Investors Weigh In On LCNB

Large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co increased its position in LCNB by 57.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock worth $27,000 after purchasing an additional 603 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of LCNB by 182.7% in the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock valued at $54,000 after buying an additional 2,328 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of LCNB by 202.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock valued at $55,000 after buying an additional 2,546 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of LCNB during the fourth quarter valued at approximately $146,000. Finally, Quadrature Capital Ltd acquired a new stake in LCNB during the fourth quarter worth approximately $171,000. 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.