LCNB (NASDAQ:LCNB) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

LCNB Corp. (NASDAQ:LCNB)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.21 and traded as high as $17.08. LCNB shares last traded at $16.86, with a volume of 10,547 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of LCNB from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th.

LCNB Stock Up 0.9 %

The firm’s 50 day moving average price is $16.21 and its two-hundred day moving average price is $15.07. The company has a market cap of $240.01 million, a P/E ratio of 33.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $32.81 million during the quarter, compared to analyst estimates of $21.30 million. LCNB had a net margin of 5.88% and a return on equity of 6.39%. Equities research analysts anticipate that LCNB Corp. will post 1.09 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.17%. The ex-dividend date is Monday, December 2nd. LCNB’s payout ratio is currently 172.55%.

Institutional Trading of LCNB

Several hedge funds have recently bought and sold shares of LCNB. Bank of New York Mellon Corp grew its position in 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 purchasing an additional 5,237 shares during the period. Cutter & CO Brokerage Inc. grew its position in LCNB by 12.6% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,772 shares during the period. Financial Counselors Inc. acquired a new stake in LCNB in the 2nd quarter valued at $172,000. Rhumbline Advisers grew its position in LCNB by 10.4% in 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 during the period. Finally, Johnson Investment Counsel Inc. grew its position in LCNB by 10.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 125,513 shares of the bank’s stock valued at $1,746,000 after purchasing an additional 11,649 shares during the period. Institutional investors and hedge funds 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.