LCNB Corporation (NASDAQ:LCNB) Sees Large Growth in Short Interest

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

Institutional Investors Weigh In On LCNB

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in LCNB by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 523,527 shares of the bank’s stock worth $8,162,000 after purchasing an additional 28,883 shares during the last quarter. Lcnb Corp grew its holdings in shares of LCNB by 0.9% in the fourth quarter. Lcnb Corp now owns 506,663 shares of the bank’s stock worth $8,304,000 after acquiring an additional 4,675 shares during the period. Geode Capital Management LLC increased its position in LCNB by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 329,487 shares of the bank’s stock valued at $5,402,000 after acquiring an additional 1,171 shares during the last quarter. State Street Corp lifted its holdings in LCNB by 0.3% in the fourth quarter. State Street Corp now owns 180,882 shares of the bank’s stock valued at $2,965,000 after acquiring an additional 623 shares during the period. Finally, Renaissance Technologies LLC boosted its position in LCNB by 13.2% in the first quarter. Renaissance Technologies LLC now owns 156,283 shares of the bank’s stock worth $2,436,000 after purchasing an additional 18,167 shares during the last quarter. 34.73% of the stock is owned by hedge funds and other institutional investors.

LCNB Stock Down 3.2%

NASDAQ:LCNB traded down $0.64 during mid-day trading on Friday, hitting $19.14. 65,521 shares of the company’s stock were exchanged, compared to its average volume of 39,608. The company has a market cap of $272.75 million, a PE ratio of 11.06 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. LCNB has a one year low of $14.11 and a one year high of $20.20. The business has a fifty day moving average price of $17.11 and a 200 day moving average price of $16.83.

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

LCNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.22 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 4.6%. LCNB’s payout ratio is presently 54.66%.

Analysts Set New Price Targets

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

LCNB Company Profile

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.