LCNB Corp. (NASDAQ:LCNB) Sees Significant Decrease in Short Interest

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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

LCNB Stock Down 0.2 %

Shares of NASDAQ:LCNB opened at $14.97 on Monday. The firm’s 50-day moving average is $15.08 and its two-hundred day moving average is $15.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.91. LCNB has a 1 year low of $12.42 and a 1 year high of $17.92. The firm has a market capitalization of $211.95 million, a PE ratio of 15.43 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last announced its earnings results on Thursday, January 30th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.14. LCNB had a net margin of 10.76% and a return on equity of 7.12%. Analysts predict that LCNB will post 1.65 EPS for the current year.

LCNB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 5.88%. LCNB’s dividend payout ratio (DPR) is presently 90.72%.

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.