LCNB Corp. (NASDAQ:LCNB) Short Interest Down 10.9% in December

LCNB Corp. (NASDAQ:LCNB - Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 95,200 shares, a decrease of 10.9% from the December 15th total of 106,800 shares. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 4.5 days.

LCNB Stock Performance

Shares of LCNB remained flat at $15.07 during mid-day trading on Friday. 17,879 shares of the stock were exchanged, compared to its average volume of 18,052. LCNB has a 1 year low of $12.42 and a 1 year high of $17.92. The firm has a market capitalization of $212.64 million, a PE ratio of 29.55 and a beta of 0.79. The stock's 50 day moving average price is $16.15 and its two-hundred day moving average price is $15.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 0.93.

LCNB (NASDAQ:LCNB - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. LCNB had a net margin of 5.88% and a return on equity of 6.39%. The business had revenue of $32.81 million during the quarter, compared to the consensus estimate of $21.30 million. Research analysts anticipate that LCNB will post 1.09 EPS for the current year.

LCNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 5.84%. LCNB's payout ratio is currently 172.55%.

Analysts Set New Price Targets

Separately, Hovde Group initiated coverage on LCNB in a research note on Friday, December 20th. They set a "market perform" rating and a $16.25 price target for the company.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of LCNB during the third quarter valued at about $50,000. Kimelman & Baird LLC bought a new position in LCNB during the 2nd quarter valued at approximately $160,000. Rhumbline Advisers lifted its holdings 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 buying an additional 1,207 shares during the period. Souders Financial Advisors purchased a new stake in LCNB in the 2nd quarter worth approximately $231,000. Finally, JPMorgan Chase & Co. grew its position in shares of LCNB by 268.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,446 shares of the bank's stock worth $308,000 after buying an additional 14,904 shares during the last quarter. 34.73% of the stock is owned by hedge funds and other institutional investors.

LCNB Company Profile

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.