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

LCNB Corp. (NASDAQ:LCNB) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 138,100 shares, a growth 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 currently 6.8 days.

Wall Street Analysts Forecast Growth

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

LCNB Stock Performance

NASDAQ LCNB traded up $0.15 during trading hours on Friday, hitting $17.01. The company had a trading volume of 14,185 shares, compared to its average volume of 24,586. LCNB has a 1-year low of $12.42 and a 1-year high of $17.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93. The company has a market cap of $240.01 million, a PE ratio of 33.35 and a beta of 0.77. The business has a 50 day moving average of $16.21 and a 200-day moving average of $15.07.

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

LCNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Monday, December 2nd. LCNB’s payout ratio is currently 172.55%.

Institutional Investors Weigh In On LCNB

A number of institutional investors and hedge funds have recently made changes to their positions in LCNB. Allworth Financial LP purchased a new stake in shares of LCNB in the third quarter valued at approximately $50,000. Kimelman & Baird LLC purchased a new stake in shares of LCNB in the second quarter valued at $160,000. Financial Counselors Inc. purchased a new position in LCNB in the 2nd quarter valued at about $172,000. Rhumbline Advisers grew its stake 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 acquiring an additional 1,207 shares during the period. Finally, Cutter & CO Brokerage Inc. increased its stake in LCNB by 12.6% in the second quarter. Cutter & CO Brokerage Inc. now owns 15,815 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,772 shares during the last quarter. 34.73% of the stock is owned by hedge funds and other 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.