LCNB Corp. (NASDAQ: LCNB) Downgraded at Zacks Investment Research

Shares of LCNB Corp. (NASDAQ: LCNB) were downgraded by analysts at Zacks Investment Research in a note to their investors today. With a rating of Hold on the shares, LCNB Corp. has a 52-week high of $19.13. The one-year price target of $19.00 is higher than the opening price of $18.05, resulting a fair amount of other analysts to comment on the company recently. Downgrades are more common when analysts feel that the future prospects for the security have weakened from the initial recommendation, often due to a material and fundamental digression in the company’s actions, future vision or industry.

The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end

On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.

The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.

S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.

Yesterday LCNB Corp. (NASDAQ: LCNB) shares last traded at $18.07, which represents a spike of $0.06 from the previous closing price. Opening at $18.05, they varied from $17.91 and $19.13 throughout the day.

LCNB Corp. (NASDAQ: LCNB) currently has a market cap of 180.30M.

The stock’s average daily volume is 31,180 shares out of a total float 8,809,000 and some 10,476 shares crossed the trading desk yesterday, lower than the average. Look for trading volume to pick up in the coming days as momentum traders often use increases in trading volume to pinpoint substantial volume growth or circulation by institutional investors.

While higher trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a series of days or weeks expresses a positive signal to market traders that institutions may be moving in, so institutional sponsorship is crucial.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These professional investors have substantial teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.

With that in mind, LCNB Corp. (NASDAQ: LCNB) now has a 50-day MA of $17.62 and 200-day MA of $16.97. It has traded in a 52-week range between $15.07 – 19.13 and today’s last price is 0.06% lower than the 52 week high of $19.13.

Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors identify companies that have increased their earnings at least 25% or more over the past 3 years.

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