Market Runner: Could LCNB Corp. See a Reversal After Breaking Its 52-Week High?

Market Runner: Could LCNB Corp. See a Reversal After Breaking Its 52 Week High?

The stock of LCNB Corp. (NASDAQ:LCNB) hit a new 52-week high and has $30.49 target or 48.00% above today’s $20.60 share price. The 6 months bullish chart indicates low risk for the $209.77 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $30.49 price target is reached, the company will be worth $100.69M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,529 shares traded hands or 55.61% up from the average. LCNB Corp. (NASDAQ:LCNB) has risen 20.35% since April 19, 2016 and is uptrending. It has outperformed by 16.49% the S&P500.

According to Zacks Investment Research, “LCNB Corp. is a financial holding company. The Company, through its subsidiaries, LCNB National Bank and Dakin Insurance Agency, Inc., is engaged in the commercial banking and insurance agency businesses. Headquartered in Lebanon, Ohio, the Bank is a full service community bank offering a range of commercial and personal banking services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers’ checks, money orders, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products.”

Insitutional Activity: The institutional sentiment decreased to 1.63 in Q2 2016. Its down 0.64, from 2.27 in 2016Q1. The ratio worsened, as 7 funds sold all LCNB Corp. shares owned while 8 reduced positions. 18 funds bought stakes while 16 increased positions. They now own 2.68 million shares or 14.05% more from 2.35 million shares in 2016Q1.
Vanguard Gp, a Pennsylvania-based fund reported 109,303 shares. Bartlett & Ltd Liability holds 0% of its portfolio in LCNB Corp. (NASDAQ:LCNB) for 3,800 shares. Fmr Ltd Liability last reported 0% of its portfolio in the stock. Fifth Third Fincl Bank holds 0% or 10,460 shares in its portfolio. Moreover, Kennedy Mgmt has 0.15% invested in LCNB Corp. (NASDAQ:LCNB) for 474,524 shares. Bahl And Gaynor reported 14,173 shares or 0% of all its holdings. Citigroup Incorporated last reported 877 shares in the company. Kimelman & Baird accumulated 0.04% or 14,500 shares. Fincl Bank Of America De owns 10,923 shares or 0% of their US portfolio. Fort Washington Inv Advisors Oh has invested 0% of its portfolio in LCNB Corp. (NASDAQ:LCNB). Cutter & Company Brokerage Inc has 0.56% invested in the company for 82,468 shares. California Employees Retirement last reported 0% of its portfolio in the stock. Blackrock Inv Ltd Llc accumulated 0% or 32,862 shares. Dimensional Fund Advisors L P last reported 10,987 shares in the company. Bnp Paribas Arbitrage has 348 shares for 0% of their US portfolio.

Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 4 selling transactions for $885,177 net activity. WILSON STEPHEN P also sold $471,663 worth of LCNB Corp. (NASDAQ:LCNB) on Friday, July 22. Another trade for 6,723 shares valued at $116,249 was made by Haines Robert C II on Friday, July 22. On Friday, August 26 Meilstrup Eric J sold $172,416 worth of the stock or 9,825 shares. McKay Leroy F had sold 7,282 shares worth $124,849 on Friday, July 22.

More notable recent LCNB Corp. (NASDAQ:LCNB) news were published by: Streetinsider.com which released: “Form 8-K LCNB CORP For: Nov 14” on November 14, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on April 25, 2011, Businesswire.com published: “Valerie S. Krueckeberg Elected to LCNB Corp. Board of Directors” on April 29, 2016. More interesting news about LCNB Corp. (NASDAQ:LCNB) were released by: Businesswire.com and their article: “LCNB Corp. Declares Third Quarter Dividend” published on August 19, 2016 as well as Bizjournals.com‘s news article titled: “LCNB to acquire community bank in Brookville” with publication date: December 29, 2014.

LCNB Company Profile

LCNB Corp. (LCNB), incorporated on December 22, 1998, is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. It provides a range of banking services, including trust and brokerage services, to clients primarily in Southwestern and South Central Ohio. The Company’s services include safe deposit boxes, night depositories, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public service, personal computer (PC) cash management services, telephone banking, personal computer Internet banking, mobile banking and other services for both individuals and businesses. Commercial clients also have both cash management and remote deposit capture products. LCNB has approximately 40 offices located in Warren, Butler, Clinton, Clermont, Hamilton, Preble, Fayette, Ross, and Montgomery Counties in Southern Ohio. In addition, the Bank operates approximately 40 ATMs.

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