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

LCNB Corp. (NASDAQ:LCNB) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Analyst Upgrades and Downgrades

Separately, 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 0.9 %

The business’s 50 day moving average price is $16.21 and its two-hundred day moving average price is $15.07. 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 $240.01 million, a price-to-earnings ratio of 33.35 and a beta of 0.77.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. LCNB had a net margin of 5.88% and a return on equity of 6.39%. The company 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 Dividend Announcement

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

Institutional Investors Weigh In On LCNB

Several hedge funds have recently added to or reduced their stakes in LCNB. Bank of New York Mellon Corp boosted its position in LCNB by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank’s stock worth $811,000 after buying an additional 5,237 shares during the period. Cutter & CO Brokerage Inc. raised its holdings in LCNB by 12.6% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock worth $220,000 after purchasing an additional 1,772 shares during the last quarter. Financial Counselors Inc. bought a new position in LCNB during the 2nd quarter worth approximately $172,000. Rhumbline Advisers raised its holdings in LCNB by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in LCNB by 10.2% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 125,513 shares of the bank’s stock worth $1,746,000 after purchasing an additional 11,649 shares during the last quarter. 34.73% of the stock is currently owned by institutional investors and hedge funds.

LCNB Company Profile

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.