LCNB Corp. (NASDAQ:LCNB) Short Interest Up 8.1% in February

LCNB Corp. (NASDAQ:LCNB – Get Rating) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 38,600 shares, an increase of 8.1% from the January 31st total of 35,700 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.4% of the shares of the company are sold short.

LCNB Price Performance

Shares of LCNB stock opened at $17.96 on Tuesday. The stock has a 50 day moving average of $18.30 and a two-hundred day moving average of $17.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. LCNB has a 12 month low of $14.73 and a 12 month high of $19.10. The company has a market capitalization of $202.41 million, a P/E ratio of 9.31 and a beta of 0.70.

LCNB (NASDAQ:LCNB – Get Rating) last announced its quarterly earnings data on Friday, January 27th. The bank reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. LCNB had a return on equity of 10.97% and a net margin of 27.65%. The company had revenue of $19.84 million during the quarter, compared to the consensus estimate of $19.10 million. As a group, equities analysts expect that LCNB will post 2 EPS for the current year.

LCNB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 4.68%. LCNB’s dividend payout ratio is 43.52%.

Institutional Investors Weigh In On LCNB

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of LCNB by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,433 shares of the bank’s stock worth $96,000 after purchasing an additional 812 shares during the last quarter. Citigroup Inc. bought a new stake in shares of LCNB in the fourth quarter valued at about $136,000. UBS Group AG increased its position in shares of LCNB by 24.2% in the fourth quarter. UBS Group AG now owns 9,893 shares of the bank’s stock valued at $178,000 after acquiring an additional 1,926 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of LCNB by 8.1% in the fourth quarter. Wells Fargo & Company MN now owns 10,054 shares of the bank’s stock valued at $181,000 after acquiring an additional 750 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in shares of LCNB in the fourth quarter valued at about $181,000. 32.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com downgraded LCNB from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 1st. Janney Montgomery Scott assumed coverage on LCNB in a research note on Wednesday, November 30th. They set a “neutral” rating and a $19.00 target price for the company.

About LCNB

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LCNB Corp. is a financial holding company, which offers commercial and personal banking services. It offers services such as checking rates, debit card resources, electronic banking, fraud and identity theft, education and awareness. The company was founded in December 1998 and is headquartered in Lebanon, OH.