LCNB Corp. (NASDAQ:LCNB) Sees Significant Decrease in Short Interest

LCNB Corp. (NASDAQ:LCNB - Get Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 188,900 shares, a drop of 16.1% from the April 15th total of 225,100 shares. Currently, 1.5% of the company's stock are short sold. Based on an average daily volume of 28,500 shares, the short-interest ratio is presently 6.6 days.

Institutional Trading of LCNB

A number of hedge funds have recently modified their holdings of the stock. Private Wealth Strategies L.L.C. raised its stake in LCNB by 2.7% in the 4th quarter. Private Wealth Strategies L.L.C. now owns 31,185 shares of the bank's stock worth $492,000 after purchasing an additional 819 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of LCNB in the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets boosted its stake in shares of LCNB by 70.6% in the first quarter. BNP Paribas Financial Markets now owns 5,629 shares of the bank's stock valued at $90,000 after buying an additional 2,329 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in LCNB during the third quarter worth approximately $36,000. Finally, Empowered Funds LLC increased its stake in LCNB by 8.1% during the 1st quarter. Empowered Funds LLC now owns 49,232 shares of the bank's stock worth $785,000 after acquiring an additional 3,675 shares during the period. Institutional investors and hedge funds own 34.73% of the company's stock.

LCNB Stock Up 1.2 %

Shares of NASDAQ:LCNB traded up $0.18 during midday trading on Tuesday, hitting $14.89. The stock had a trading volume of 11,352 shares, compared to its average volume of 26,178. The company has a market cap of $196.91 million, a P/E ratio of 16.18 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The business's 50-day simple moving average is $14.86 and its 200-day simple moving average is $14.94. LCNB has a 12 month low of $12.78 and a 12 month high of $17.72.

LCNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.22 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a yield of 5.91%. LCNB's dividend payout ratio (DPR) is 95.65%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered LCNB from a "hold" rating to a "sell" rating in a report on Tuesday, February 13th.

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.