Short Interest in LCNB Corp. (NASDAQ:LCNB) Increases By 28.1%

LCNB Corp. (NASDAQ:LCNB) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 138,100 shares, a growth of 28.1% from the November 15th total of 107,800 shares. Based on an average daily volume of 20,300 shares, the short-interest ratio is presently 6.8 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded LCNB from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th.

LCNB Trading Up 0.9 %

NASDAQ LCNB traded up $0.15 during trading hours on Friday, reaching $17.01. The company had a trading volume of 14,185 shares, compared to its average volume of 24,586. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $240.01 million, a P/E ratio of 33.35 and a beta of 0.77. The stock has a 50-day moving average of $16.21 and a 200 day moving average of $15.07. LCNB has a 1-year low of $12.42 and a 1-year high of $17.92.

LCNB (NASDAQ:LCNB) last announced its earnings results on Monday, October 21st. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The company had revenue of $32.81 million for the quarter, compared to analyst estimates of $21.30 million. As a group, research analysts anticipate that LCNB will post 1.09 earnings per share for the current fiscal year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 5.17%. LCNB’s dividend payout ratio is presently 172.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LCNB. Kimelman & Baird LLC purchased a new stake in shares of LCNB during the second quarter worth $160,000. Cutter & CO Brokerage Inc. grew its position in shares of LCNB by 12.6% during the second quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock worth $220,000 after buying an additional 1,772 shares in the last quarter. Souders Financial Advisors purchased a new stake in shares of LCNB during the second quarter worth approximately $231,000. Rhumbline Advisers raised its holdings in LCNB by 10.4% in the second quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock valued at $179,000 after acquiring an additional 1,207 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in LCNB by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 58,326 shares of the bank’s stock worth $811,000 after acquiring an additional 5,237 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

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.