LCNB Corporation (NASDAQ:LCNB - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.45 and traded as high as $19.65. LCNB shares last traded at $19.43, with a volume of 29,336 shares.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of LCNB from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of LCNB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised 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 Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy".
Check Out Our Latest Report on LCNB
LCNB Stock Performance
The stock's 50 day moving average is $19.05 and its two-hundred day moving average is $17.45. The stock has a market capitalization of $277.07 million, a price-to-earnings ratio of 11.23 and a beta of 0.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.
LCNB (NASDAQ:LCNB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The bank reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.09. The company had revenue of $25.14 million for the quarter, compared to analyst estimates of $24.00 million. LCNB had a return on equity of 8.92% and a net margin of 19.69%. Analysts expect that LCNB Corporation will post 1.73 earnings per share for the current fiscal year.
LCNB Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.22 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.5%. LCNB's dividend payout ratio (DPR) is 50.87%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in LCNB. Legal & General Group Plc acquired a new stake in shares of LCNB in the second quarter valued at about $25,000. CANADA LIFE ASSURANCE Co boosted its position in LCNB by 57.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank's stock valued at $27,000 after purchasing an additional 603 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in LCNB in the second quarter valued at approximately $50,000. BNP Paribas Financial Markets grew its stake in LCNB by 182.7% in the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank's stock valued at $54,000 after purchasing an additional 2,328 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of LCNB by 202.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank's stock worth $55,000 after purchasing an additional 2,546 shares during the last quarter. Institutional investors own 34.73% of the company's stock.
LCNB Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider LCNB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LCNB wasn't on the list.
While LCNB currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
