LCNB Corp. (NASDAQ:LCNB) Short Interest Update

LCNB Corp. (NASDAQ:LCNB) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 75,800 shares, a decrease of 21.1% from the February 28th total of 96,100 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is currently 3.6 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of LCNB

A number of hedge funds have recently bought and sold shares of LCNB. Tower Research Capital LLC TRC raised its position in shares of LCNB by 240.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,123 shares of the bank’s stock valued at $47,000 after buying an additional 2,205 shares during the last quarter. Deutsche Bank AG raised its holdings in LCNB by 51.4% in the 4th quarter. Deutsche Bank AG now owns 16,396 shares of the bank’s stock valued at $248,000 after acquiring an additional 5,565 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of LCNB by 53.0% in the 4th quarter. Squarepoint Ops LLC now owns 16,842 shares of the bank’s stock worth $255,000 after acquiring an additional 5,834 shares during the period. Bank of America Corp DE grew its holdings in shares of LCNB by 29.0% during the 4th quarter. Bank of America Corp DE now owns 19,131 shares of the bank’s stock worth $289,000 after purchasing an additional 4,306 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of LCNB by 268.9% during the third quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank’s stock valued at $308,000 after purchasing an additional 14,904 shares during the period. 34.73% of the stock is owned by institutional investors.

LCNB Stock Performance

LCNB traded up $0.09 during trading on Tuesday, hitting $14.88. The stock had a trading volume of 22,700 shares, compared to its average volume of 22,425. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. LCNB has a 12 month low of $12.42 and a 12 month high of $17.92. The company has a 50 day simple moving average of $15.07 and a 200-day simple moving average of $15.52. The firm has a market cap of $210.67 million, a PE ratio of 15.34 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. LCNB had a return on equity of 7.12% and a net margin of 10.76%. Analysts expect that LCNB will post 1.65 EPS for the current year.

LCNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.91%. The ex-dividend date was Monday, March 3rd. LCNB’s payout ratio is currently 90.72%.

Analyst Ratings Changes

LCNB has been the topic of several recent research reports. StockNews.com upgraded LCNB from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Hovde Group assumed coverage on LCNB in a report on Friday, December 20th. They issued a “market perform” rating and a $16.25 target price for the company.

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.