LCNB Corp. (NASDAQ:LCNB) Short Interest Update

by · The Cerbat Gem

LCNB Corp. (NASDAQ:LCNB – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 137,600 shares, an increase of 20.7% from the September 15th total of 114,000 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is currently 6.5 days.

Hedge Funds Weigh In On LCNB

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in shares of LCNB by 70.6% in the 1st quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank’s stock valued at $90,000 after buying an additional 2,329 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new position in shares of LCNB in the 1st quarter valued at $175,000. Kimelman & Baird LLC acquired a new position in shares of LCNB in the 2nd quarter valued at $160,000. Financial Counselors Inc. acquired a new stake in shares of LCNB during the 2nd quarter worth about $172,000. Finally, Rhumbline Advisers increased its position in shares of LCNB by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after purchasing an additional 1,207 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Stock Performance

LCNB stock traded up $0.15 during mid-day trading on Monday, reaching $14.88. The company had a trading volume of 9,984 shares, compared to its average volume of 25,198. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. LCNB has a 52 week low of $12.42 and a 52 week high of $17.09. The company has a 50 day moving average of $14.91 and a 200-day moving average of $14.56. The firm has a market cap of $210.45 million, a price-to-earnings ratio of 15.77 and a beta of 0.75.

LCNB (NASDAQ:LCNB – Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. LCNB had a net margin of 5.97% and a return on equity of 6.55%. The firm had revenue of $19.30 million during the quarter, compared to the consensus estimate of $18.50 million. On average, sell-side analysts expect that LCNB will post 1 EPS for the current fiscal year.

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Tuesday, September 3rd. LCNB’s dividend payout ratio is 95.65%.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on LCNB

LCNB Company Profile

(Get Free Report)

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.

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