LCNB Corporation (NASDAQ:LCNB) Short Interest Update

LCNB Corporation (NASDAQ:LCNB) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 162,461 shares, a growth of 79.1% from the June 15th total of 90,713 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 56,273 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of LCNB from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, LCNB presently has a consensus rating of “Buy”.

LCNB Stock Down 3.2%

Shares of NASDAQ:LCNB opened at $19.14 on Friday. LCNB has a 52-week low of $14.11 and a 52-week high of $20.20. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $17.11 and its 200 day moving average is $16.83. The stock has a market cap of $272.75 million, a P/E ratio of 11.06 and a beta of 0.58.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Thursday, July 16th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $25.14 million during the quarter, compared to the consensus estimate of $24.00 million. LCNB had a return on equity of 8.98% and a net margin of 19.69%. Sell-side analysts predict that LCNB will post 1.67 EPS for the current year.

LCNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.22 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.6%. LCNB’s dividend payout ratio (DPR) is currently 50.87%.

Institutional Investors Weigh In On LCNB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCNB. Segall Bryant & Hamill LLC acquired a new stake in LCNB in the 1st quarter worth approximately $802,000. Bank of America Corp DE grew its position in LCNB by 5.9% during the first quarter. Bank of America Corp DE now owns 37,411 shares of the bank’s stock valued at $583,000 after buying an additional 2,079 shares during the period. Empowered Funds LLC increased its stake in shares of LCNB by 6.6% in the 1st quarter. Empowered Funds LLC now owns 76,829 shares of the bank’s stock valued at $1,198,000 after purchasing an additional 4,723 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of LCNB by 13.2% in the first quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock valued at $2,436,000 after buying an additional 18,167 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in LCNB by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after acquiring an additional 28,883 shares during the period. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

About LCNB

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.