LCNB Corporation (NASDAQ:LCNB) Short Interest Update

LCNB Corporation (NASDAQ:LCNB) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 79,269 shares, a decline of 20.9% from the December 15th total of 100,174 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 21,707 shares, the days-to-cover ratio is presently 3.7 days. Based on an average daily trading volume, of 21,707 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of LCNB in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Insiders Place Their Bets

In other LCNB news, Director William G. Huddle sold 3,000 shares of LCNB stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the sale, the director directly owned 15,530 shares in the company, valued at $240,870.30. The trade was a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.02% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LCNB. CWM LLC grew its position in LCNB by 191.7% during the third quarter. CWM LLC now owns 2,491 shares of the bank’s stock worth $37,000 after buying an additional 1,637 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of LCNB by 182.7% in the third quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock valued at $54,000 after purchasing an additional 2,328 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in LCNB by 202.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock worth $55,000 after purchasing an additional 2,546 shares during the period. MAI Capital Management boosted its stake in LCNB by 166.4% during the second quarter. MAI Capital Management now owns 5,700 shares of the bank’s stock worth $83,000 after buying an additional 3,560 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new stake in LCNB in the 2nd quarter valued at $154,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

LCNB Stock Performance

LCNB stock traded down $0.09 during mid-day trading on Friday, reaching $16.69. 20,352 shares of the stock traded hands, compared to its average volume of 20,674. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.39. LCNB has a 52 week low of $13.34 and a 52 week high of $17.84. The business has a 50-day moving average of $16.30 and a two-hundred day moving average of $15.67. The firm has a market capitalization of $236.78 million, a PE ratio of 9.99 and a beta of 0.57.

LCNB (NASDAQ:LCNB) last posted its quarterly earnings data on Wednesday, October 22nd. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. LCNB had a return on equity of 9.05% and a net margin of 18.63%.The business had revenue of $23.83 million for the quarter, compared to analyst estimates of $17.60 million. As a group, equities analysts predict that LCNB will post 1.65 EPS for the current fiscal year.

LCNB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.3%. The ex-dividend date was Monday, December 1st. LCNB’s dividend payout ratio (DPR) is currently 52.69%.

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.