LCNB Corp. (NASDAQ:LCNB) Short Interest Up 28.1% in November

LCNB Corp. (NASDAQ:LCNB) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 138,100 shares, an increase of 28.1% from the November 15th total of 107,800 shares. Based on an average trading volume of 20,300 shares, the short-interest ratio is presently 6.8 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised LCNB from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th.

LCNB Stock Up 0.4 %

Shares of LCNB stock traded up $0.06 during trading on Monday, hitting $17.07. 6,279 shares of the company were exchanged, compared to its average volume of 24,509. The business’s 50-day simple moving average is $16.26 and its 200 day simple moving average is $15.11. LCNB has a twelve month low of $12.42 and a twelve month high of $17.92. The firm has a market capitalization of $240.86 million, a price-to-earnings ratio of 33.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93.

LCNB (NASDAQ:LCNB) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. LCNB had a return on equity of 6.39% and a net margin of 5.88%. The business had revenue of $32.81 million during the quarter, compared to analyst estimates of $21.30 million. As a group, analysts forecast that LCNB will post 1.09 EPS for the current fiscal year.

LCNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Monday, December 2nd. LCNB’s dividend payout ratio (DPR) is presently 172.55%.

Institutional Trading of LCNB

Several large investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of LCNB during the 3rd quarter worth $50,000. Kimelman & Baird LLC bought a new stake in LCNB during the 2nd quarter valued at approximately $160,000. Financial Counselors Inc. acquired a new stake in LCNB in the 2nd quarter valued at approximately $172,000. Rhumbline Advisers increased its position in LCNB by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 12,841 shares of the bank’s stock worth $179,000 after buying an additional 1,207 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its holdings in shares of LCNB by 12.6% during the second quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock worth $220,000 after buying an additional 1,772 shares during the last quarter. 34.73% of the stock is owned by institutional investors.

About LCNB

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.