LCNB Corp. (NASDAQ:LCNB) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 226,300 shares, an increase of 25.4% from the March 31st total of 180,400 shares. Based on an average daily volume of 45,000 shares, the short-interest ratio is currently 5.0 days. Approximately 1.9% of the company’s stock are sold short.
LCNB traded down $0.11 during trading on Tuesday, hitting $17.81. 21,818 shares of the company traded hands, compared to its average volume of 46,688. The firm has a market cap of $228.24 million, a P/E ratio of 12.03 and a beta of 0.90. The stock’s fifty day moving average is $18.07 and its 200 day moving average is $16.19. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.13. LCNB has a one year low of $11.28 and a one year high of $19.99.
LCNB (NASDAQ:LCNB) last posted its quarterly earnings results on Tuesday, April 20th. The bank reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. LCNB had a net margin of 22.10% and a return on equity of 8.18%. On average, equities research analysts forecast that LCNB will post 1.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were given a dividend of $0.19 per share. The ex-dividend date was Friday, February 26th. This represents a $0.76 annualized dividend and a yield of 4.27%. LCNB’s payout ratio is currently 52.05%.
A number of institutional investors and hedge funds have recently bought and sold shares of LCNB. Citigroup Inc. boosted its position in LCNB by 318.1% during the fourth quarter. Citigroup Inc. now owns 2,446 shares of the bank’s stock worth $36,000 after purchasing an additional 1,861 shares during the period. Bartlett & Co. LLC boosted its position in LCNB by 77.9% during the fourth quarter. Bartlett & Co. LLC now owns 6,050 shares of the bank’s stock worth $89,000 after purchasing an additional 2,650 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in LCNB during the fourth quarter worth about $158,000. The Manufacturers Life Insurance Company bought a new position in LCNB during the first quarter worth about $184,000. Finally, Rhumbline Advisers boosted its position in LCNB by 27.7% during the fourth quarter. Rhumbline Advisers now owns 18,853 shares of the bank’s stock worth $277,000 after purchasing an additional 4,088 shares during the period. Institutional investors own 38.62% of the company’s stock.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of LCNB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 7th. Boenning Scattergood upgraded shares of LCNB from a “neutral” rating to an “outperform” rating and set a $17.50 target price for the company in a report on Tuesday, January 12th.
LCNB Company Profile
LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. The company's deposit products include checking accounts, demand deposits, savings accounts, and money market deposits, as well as certificates of deposit. Its loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, small business administration, and residential mortgage loans.
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