LCNB (NASDAQ:LCNB) Shares Cross 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 trading hands.

Wall Street Analysts Forecast Growth

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 0.3 %

The company has a market capitalization of $237.89 million, a price-to-earnings ratio of 33.06 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company’s 50 day simple moving average is $16.21 and its two-hundred day simple moving average is $15.07.

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

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.22%. LCNB’s dividend payout ratio is currently 172.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP purchased a new position in shares of LCNB in the third quarter worth $50,000. Kimelman & Baird LLC purchased a new position in shares of LCNB in the second quarter worth $160,000. Financial Counselors Inc. purchased a new position in shares of LCNB in the second quarter worth $172,000. Rhumbline Advisers raised its holdings in shares of LCNB by 10.4% during the second 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, Cutter & CO Brokerage Inc. raised its holdings in shares of LCNB by 12.6% during the second 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. Hedge funds and other institutional investors 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.