LCNB (NASDAQ:LCNB) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• LCNB Corporation's stock price has fallen below its 200-day moving average, trading at $14.59 as of the latest session.
• The company was recently downgraded from a "buy" to a "hold" rating by Wall Street Zen.
• LCNB reported quarterly earnings of $0.41 EPS, surpassing analysts' expectations and generating revenue of $22.79 million.

LCNB Corporation (NASDAQ:LCNB - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.83 and traded as low as $14.20. LCNB shares last traded at $14.59, with a volume of 19,892 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded LCNB from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

LCNB Trading Down 1.2%

The stock has a market capitalization of $202.91 million, a price-to-earnings ratio of 9.61 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50-day moving average of $14.82 and a 200-day moving average of $14.82.

LCNB (NASDAQ:LCNB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. LCNB had a return on equity of 8.33% and a net margin of 16.62%. The firm had revenue of $22.79 million for the quarter, compared to analyst estimates of $16.80 million. As a group, research analysts forecast that LCNB Corporation will post 1.65 EPS for the current year.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 6.1%. LCNB's dividend payout ratio (DPR) is 59.06%.

Hedge Funds Weigh In On LCNB

Hedge funds have recently bought and sold shares of the company. Lido Advisors LLC acquired a new position in LCNB during the 4th quarter worth $469,000. JPMorgan Chase & Co. lifted its position in LCNB by 122.4% during the 4th quarter. JPMorgan Chase & Co. now owns 45,477 shares of the bank's stock worth $688,000 after acquiring an additional 25,031 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in LCNB by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 423,891 shares of the bank's stock worth $6,413,000 after acquiring an additional 22,315 shares during the last quarter. Raymond James Financial Inc. acquired a new position in LCNB during the 4th quarter worth $330,000. Finally, Hsbc Holdings PLC acquired a new position in LCNB during the 1st quarter worth $236,000. 34.73% of the stock is currently owned by institutional investors and hedge funds.

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.