LCNB Corporation (NASDAQ:LCNB) Sees Significant Increase in Short Interest

LCNB Corporation (NASDAQ:LCNB) saw a significant increase in short interest in the month of 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. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 56,273 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On LCNB

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co raised its holdings in LCNB by 57.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,648 shares of the bank’s stock worth $27,000 after purchasing an additional 603 shares during the period. BNP Paribas Financial Markets increased its position in LCNB by 182.7% in the third 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 2,546 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of LCNB during the 4th quarter valued at about $146,000. Finally, Quadrature Capital Ltd bought a new position in shares of LCNB during the 4th quarter valued at approximately $171,000. 34.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

LCNB Trading Up 10.5%

Shares of NASDAQ:LCNB opened at $19.78 on Friday. The stock’s 50-day simple moving average is $17.05 and its two-hundred day simple moving average is $16.81. The stock has a market capitalization of $281.87 million, a price-to-earnings ratio of 12.29 and a beta of 0.58. LCNB has a 52-week low of $14.11 and a 52-week high of $20.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93.

LCNB (NASDAQ:LCNB) last released its quarterly earnings results on Thursday, July 16th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. LCNB had a net margin of 18.50% and a return on equity of 8.48%. The firm had revenue of $25.14 million during the quarter. Analysts expect that LCNB will post 1.67 EPS for the current year.

LCNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.22 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.88 annualized dividend and a yield of 4.4%. LCNB’s dividend payout ratio (DPR) is presently 54.66%.

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.