LCNB Corp. (NASDAQ:LCNB) Short Interest Down 12.9% in June

LCNB Corp. (NASDAQ:LCNB) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 177,500 shares, a decline of 12.9% from the May 31st total of 203,900 shares. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is presently 7.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LCNB. Vanguard Group Inc. lifted its holdings in shares of LCNB by 43.2% in the first quarter. Vanguard Group Inc. now owns 766,198 shares of the bank’s stock worth $12,213,000 after acquiring an additional 231,035 shares during the last quarter. Lcnb Corp lifted its stake in LCNB by 1.8% in the 1st quarter. Lcnb Corp now owns 503,402 shares of the bank’s stock valued at $8,024,000 after purchasing an additional 9,000 shares during the last quarter. Horan Securities Inc. acquired a new stake in LCNB in the fourth quarter valued at approximately $1,178,000. Empowered Funds LLC boosted its position in LCNB by 8.1% in the first quarter. Empowered Funds LLC now owns 49,232 shares of the bank’s stock valued at $785,000 after buying an additional 3,675 shares in the last quarter. Finally, Private Wealth Strategies L.L.C. grew its stake in shares of LCNB by 2.7% during the fourth quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank’s stock worth $492,000 after buying an additional 819 shares during the last quarter. Institutional investors own 34.73% of the company’s stock.

LCNB Price Performance

Shares of NASDAQ:LCNB traded down $0.25 during midday trading on Monday, hitting $13.66. The stock had a trading volume of 4,572 shares, compared to its average volume of 27,686. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $193.19 million, a P/E ratio of 15.12 and a beta of 0.79. The company’s 50-day moving average price is $14.23 and its 200-day moving average price is $14.74. LCNB has a fifty-two week low of $12.42 and a fifty-two week high of $17.72.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.20 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.16). The firm had revenue of $17.82 million for the quarter, compared to analyst estimates of $21.20 million. LCNB had a net margin of 10.16% and a return on equity of 7.31%. As a group, equities research analysts predict that LCNB will post 0.88 EPS for the current fiscal year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 6.44%. LCNB’s dividend payout ratio is currently 95.65%.

About LCNB

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.