LCNB Corp. (NASDAQ:LCNB) Short Interest Down 31.7% in April

LCNB Corp. (NASDAQ:LCNBGet Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 22,800 shares, a drop of 31.7% from the April 15th total of 33,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 65,100 shares, the short-interest ratio is currently 0.4 days.

Shares of LCNB stock traded up $0.17 during midday trading on Friday, hitting $15.79. 80,801 shares of the company were exchanged, compared to its average volume of 19,813. The firm has a market capitalization of $180.01 million, a P/E ratio of 9.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s 50 day moving average price is $17.34 and its two-hundred day moving average price is $18.58. LCNB has a 52 week low of $15.56 and a 52 week high of $20.69.

LCNB (NASDAQ:LCNBGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. LCNB had a net margin of 26.28% and a return on equity of 8.48%. Analysts expect that LCNB will post 1.66 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Monday, February 28th. LCNB’s payout ratio is 49.08%.

In other news, Director Mary E. Bradford acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was bought at an average price of $16.32 per share, with a total value of $48,960.00. Following the transaction, the director now directly owns 5,697 shares in the company, valued at approximately $92,975.04. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders bought 7,200 shares of company stock valued at $118,406. Insiders own 5.64% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of LCNB by 2.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,956 shares of the bank’s stock worth $579,000 after buying an additional 816 shares during the period. JPMorgan Chase & Co. grew its position in shares of LCNB by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 11,077 shares of the bank’s stock worth $216,000 after purchasing an additional 1,034 shares in the last quarter. Northern Trust Corp increased its holdings in shares of LCNB by 4.6% during the fourth quarter. Northern Trust Corp now owns 24,354 shares of the bank’s stock worth $475,000 after purchasing an additional 1,060 shares during the period. Wealthquest Corp increased its holdings in shares of LCNB by 6.5% during the fourth quarter. Wealthquest Corp now owns 21,000 shares of the bank’s stock worth $410,000 after purchasing an additional 1,280 shares during the period. Finally, Ahrens Investment Partners LLC acquired a new stake in shares of LCNB in the fourth quarter valued at approximately $25,000. 48.68% of the stock is owned by institutional investors and hedge funds.

LCNB has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of LCNB in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research raised shares of LCNB from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, May 5th.

LCNB Company Profile (Get Rating)

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 certificates of deposit. 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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