LCNB (NASDAQ:LCNB) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of LCNB Corporation (NASDAQ:LCNB) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.98 and traded as high as $18.18. LCNB shares last traded at $17.90, with a volume of 29,372 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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 Buy rating, Based on data from MarketBeat, LCNB presently has a consensus rating of “Buy”.

LCNB Stock Performance

The company’s fifty day simple moving average is $17.05 and its 200 day simple moving average is $16.81. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $272.75 million, a P/E ratio of 11.89 and a beta of 0.58.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Thursday, July 16th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. LCNB had a net margin of 18.50% and a return on equity of 8.48%. The firm had revenue of $25.14 million for the quarter. As a group, sell-side analysts forecast that LCNB Corporation will post 1.67 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, June 1st. LCNB’s payout ratio is presently 54.66%.

Institutional Trading of LCNB

Several institutional investors and hedge funds have recently modified their holdings of LCNB. NewEdge Advisors LLC purchased a new position in shares of LCNB during the first quarter worth about $206,000. Goldman Sachs Group Inc. increased its position in shares of LCNB by 5.0% in the first quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank’s stock worth $574,000 after purchasing an additional 1,851 shares during the last quarter. Empowered Funds LLC raised its stake in LCNB by 7.0% in the first quarter. Empowered Funds LLC now owns 52,377 shares of the bank’s stock valued at $775,000 after purchasing an additional 3,421 shares in the last quarter. Geode Capital Management LLC raised its stake in LCNB by 5.4% in the second quarter. Geode Capital Management LLC now owns 326,509 shares of the bank’s stock valued at $4,746,000 after purchasing an additional 16,739 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in LCNB by 39.3% during the second quarter. Rhumbline Advisers now owns 16,605 shares of the bank’s stock valued at $241,000 after purchasing an additional 4,685 shares during the last quarter. Hedge funds and other institutional investors 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.