LCNB Corporation (NASDAQ:LCNB) Short Interest Update

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

LCNB Stock Performance

Shares of LCNB stock traded down $0.07 during mid-day trading on Tuesday, reaching $16.62. The stock had a trading volume of 42,489 shares, compared to its average volume of 25,391. LCNB has a 1-year low of $13.34 and a 1-year high of $17.84. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. The firm has a market cap of $235.84 million, a price-to-earnings ratio of 9.95 and a beta of 0.57. The business’s fifty day moving average is $16.32 and its 200-day moving average is $15.68.

LCNB (NASDAQ:LCNB) last released its quarterly earnings data on Wednesday, October 22nd. The bank reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. LCNB had a net margin of 18.63% and a return on equity of 9.05%. The business had revenue of $23.83 million for the quarter, compared to the consensus estimate of $17.60 million. On average, research analysts forecast that LCNB will post 1.65 earnings per share for the current year.

LCNB Announces Dividend

The business also recently disclosed 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 is currently 52.69%.

Insiders Place Their Bets

In other LCNB news, Director William G. Huddle sold 3,000 shares of LCNB stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the transaction, the director 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LCNB. CWM LLC increased its holdings in LCNB by 191.7% in the 3rd quarter. CWM LLC now owns 2,491 shares of the bank’s stock worth $37,000 after acquiring an additional 1,637 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in LCNB by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 38,804 shares of the bank’s stock worth $574,000 after buying an additional 1,851 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of LCNB by 13.6% in the third quarter. Rhumbline Advisers now owns 18,861 shares of the bank’s stock valued at $283,000 after purchasing an additional 2,256 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of LCNB by 182.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,602 shares of the bank’s stock worth $54,000 after buying an additional 2,328 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in LCNB by 202.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,803 shares of the bank’s stock worth $55,000 after acquiring an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 34.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of LCNB in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, LCNB has an average rating of “Hold”.

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.