LCNB (NASDAQ:LCNB) Stock Price Passes Below Two Hundred Day Moving Average of $14.78

LCNB Corp. (NASDAQ:LCNB - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.78 and traded as low as $14.61. LCNB shares last traded at $15.39, with a volume of 16,274 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered LCNB from a "hold" rating to a "sell" rating in a research note on Tuesday, February 13th.

LCNB Price Performance

The stock has a 50 day moving average of $14.67 and a two-hundred day moving average of $14.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $210.73 million, a PE ratio of 13.98 and a beta of 0.73.

LCNB (NASDAQ:LCNB - Get Free Report) last released its earnings results on Wednesday, January 31st. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $19.27 million during the quarter, compared to analysts' expectations of $18.30 million. LCNB had a return on equity of 8.31% and a net margin of 13.29%. Equities analysts anticipate that LCNB Corp. will post 1.44 EPS for the current year.

LCNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 5.52%. LCNB's dividend payout ratio (DPR) is presently 77.19%.

Insider Buying and Selling

In other LCNB news, EVP Lawrence P. Jr. Mulligan bought 2,500 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were bought at an average price of $14.30 per share, for a total transaction of $35,750.00. Following the acquisition, the executive vice president now directly owns 18,939 shares of the company's stock, valued at $270,827.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other LCNB news, EVP Lawrence P. Jr. Mulligan acquired 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average price of $13.95 per share, with a total value of $55,800.00. Following the completion of the transaction, the executive vice president now owns 16,439 shares in the company, valued at $229,324.05. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lawrence P. Jr. Mulligan bought 2,500 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $14.30 per share, with a total value of $35,750.00. Following the completion of the transaction, the executive vice president now directly owns 18,939 shares of the company's stock, valued at $270,827.70. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 9,476 shares of company stock valued at $133,651. Corporate insiders own 5.79% of the company's stock.

Institutional Investors Weigh In On LCNB

A number of large investors have recently bought and sold shares of LCNB. AlphaMark Advisors LLC bought a new stake in shares of LCNB during the 4th quarter worth about $26,000. Tower Research Capital LLC TRC lifted its holdings in LCNB by 898.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,427 shares of the bank's stock worth $40,000 after purchasing an additional 2,184 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in LCNB during the third quarter worth approximately $36,000. BNP Paribas Arbitrage SNC acquired a new position in LCNB during the second quarter valued at approximately $40,000. Finally, California State Teachers Retirement System bought a new position in shares of LCNB in the second quarter valued at approximately $52,000. 34.73% of the stock is currently owned by institutional investors.

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.