LCNB (NASDAQ:LCNB) Stock Crosses Below 200 Day Moving Average - What's Next?

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)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

LCNB Stock Up 1.2%

The firm has a market capitalization of $205.47 million, a price-to-earnings ratio of 9.72 and a beta of 0.68. The stock has a fifty day moving average of $14.82 and a two-hundred day moving average of $14.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91.

LCNB (NASDAQ:LCNB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. The business had revenue of $22.79 million during the quarter, compared to the consensus estimate of $16.80 million. LCNB had a return on equity of 8.26% and a net margin of 16.62%. Sell-side analysts anticipate that LCNB Corporation will post 1.65 earnings per share for the current year.

LCNB Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, June 2nd. LCNB's dividend payout ratio (DPR) is presently 59.06%.

Institutional Trading of LCNB

A number of large investors have recently bought and sold shares of LCNB. Lido Advisors LLC acquired a new stake in shares of LCNB in the 4th quarter valued at about $469,000. JPMorgan Chase & Co. grew its stake in shares of LCNB by 122.4% in the 4th quarter. JPMorgan Chase & Co. now owns 45,477 shares of the bank's stock valued at $688,000 after buying an additional 25,031 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of LCNB by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 423,891 shares of the bank's stock valued at $6,413,000 after buying an additional 22,315 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LCNB in the 4th quarter valued at about $330,000. Finally, Geode Capital Management LLC grew its stake in shares of LCNB by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 326,509 shares of the bank's stock valued at $4,746,000 after buying an additional 16,739 shares during the period. 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.