LCNB Corp. (NASDAQ:LCNB) Short Interest Update

LCNB Corp. (NASDAQ:LCNB) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 177,500 shares, a drop of 12.9% from the May 31st total of 203,900 shares. Based on an average daily volume of 22,800 shares, the short-interest ratio is currently 7.8 days.

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. AlphaMark Advisors LLC purchased a new stake in LCNB in the 4th quarter worth approximately $26,000. Hengehold Capital Management LLC purchased a new stake in LCNB in the 4th quarter worth approximately $279,000. New York State Common Retirement Fund lifted its position in LCNB by 427.8% in the 4th quarter. New York State Common Retirement Fund now owns 4,697 shares of the bank’s stock worth $74,000 after buying an additional 3,807 shares in the last quarter. Horan Securities Inc. bought a new position in shares of LCNB during the 4th quarter valued at $1,178,000. Finally, Panagora Asset Management Inc. bought a new position in shares of LCNB during the 4th quarter valued at $273,000. Hedge funds and other institutional investors own 34.73% of the company’s stock.

LCNB Trading Up 4.2 %

LCNB stock opened at $13.91 on Friday. The company has a 50 day moving average price of $14.23 and a 200 day moving average price of $14.74. LCNB has a 52 week low of $12.42 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.90 and a current ratio of 0.94. The firm has a market capitalization of $196.69 million, a price-to-earnings ratio of 15.12 and a beta of 0.79.

LCNB (NASDAQ:LCNB) last released its earnings results on Tuesday, April 30th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.16). LCNB had a return on equity of 7.31% and a net margin of 10.16%. The company had revenue of $17.82 million during the quarter, compared to analysts’ expectations of $21.20 million. Research analysts forecast that LCNB will post 0.88 EPS for the current year.

LCNB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 6.33%. LCNB’s payout ratio is 95.65%.

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.