LCNB Corp. (NASDAQ:LCNB) Short Interest Down 10.9% in December

LCNB Corp. (NASDAQ:LCNB) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 95,200 shares, a drop of 10.9% from the December 15th total of 106,800 shares. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is presently 4.5 days.

LCNB Stock Performance

Shares of LCNB stock opened at $15.07 on Friday. The company has a 50-day moving average of $16.15 and a two-hundred day moving average of $15.37. LCNB has a 12-month low of $12.42 and a 12-month high of $17.92. 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 cap of $212.64 million, a PE ratio of 29.55 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $32.81 million during the quarter, compared to the consensus estimate of $21.30 million. LCNB had a return on equity of 6.39% and a net margin of 5.88%. On average, research analysts anticipate that LCNB will post 1.09 EPS for the current fiscal year.

LCNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 5.84%. LCNB’s dividend payout ratio is presently 172.55%.

Wall Street Analyst Weigh In

Separately, Hovde Group began coverage on shares of LCNB in a research note on Friday, December 20th. They set a “market perform” rating and a $16.25 price target on the stock.

Hedge Funds Weigh In On LCNB

Several hedge funds have recently added to or reduced their stakes in LCNB. State Street Corp lifted its holdings in shares of LCNB by 1.3% in the third quarter. State Street Corp now owns 153,579 shares of the bank’s stock valued at $2,314,000 after purchasing an additional 2,025 shares in the last quarter. Barclays PLC lifted its stake in LCNB by 79.3% in the 3rd quarter. Barclays PLC now owns 27,855 shares of the bank’s stock valued at $419,000 after buying an additional 12,322 shares in the last quarter. Geode Capital Management LLC grew its holdings in LCNB by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 299,492 shares of the bank’s stock valued at $4,514,000 after buying an additional 19,687 shares during the last quarter. Kimelman & Baird LLC purchased a new position in LCNB during the second quarter worth $160,000. Finally, Souders Financial Advisors acquired a new position in shares of LCNB in the second quarter worth $231,000. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

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.