Auburn National Bancorporation (NASDAQ:AUBN) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Auburn National Bancorporation, Inc. (NASDAQ:AUBN) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $25.01 and traded as high as $25.01. Auburn National Bancorporation shares last traded at $25.01, with a volume of 876 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Auburn National Bancorporation in a research report on Monday, April 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Auburn National Bancorporation Stock Up 3.7%

The company has a market cap of $93.86 million, a price-to-earnings ratio of 11.85 and a beta of 0.42. The company’s fifty day moving average price is $25.12 and its two-hundred day moving average price is $24.86.

Auburn National Bancorporation (NASDAQ:AUBN) last announced its earnings results on Wednesday, May 13th. The financial services provider reported $0.63 EPS for the quarter. The business had revenue of $8.63 million for the quarter. Auburn National Bancorporation had a return on equity of 8.78% and a net margin of 17.79%.

Auburn National Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a $0.27 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.08 annualized dividend and a yield of 4.0%. Auburn National Bancorporation’s payout ratio is presently 47.58%.

Auburn National Bancorporation declared that its board has approved a share repurchase program on Tuesday, March 17th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Auburn National Bancorporation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in shares of Auburn National Bancorporation by 8.4% in the first quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider’s stock valued at $261,000 after buying an additional 935 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in Auburn National Bancorporation by 2.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 28,693 shares of the financial services provider’s stock worth $743,000 after acquiring an additional 588 shares during the last quarter. Vanguard Group Inc. increased its position in Auburn National Bancorporation by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 77,085 shares of the financial services provider’s stock valued at $2,090,000 after acquiring an additional 2,402 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Auburn National Bancorporation by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 41,808 shares of the financial services provider’s stock valued at $1,133,000 after acquiring an additional 407 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Auburn National Bancorporation by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 439 shares during the last quarter. 39.46% of the stock is currently owned by institutional investors and hedge funds.

Auburn National Bancorporation Company Profile

Auburn National Bancorporation is a bank holding company headquartered in Auburn, Alabama. It operates through its wholly owned subsidiary, AuburnBank, providing a comprehensive suite of financial services to individuals, businesses and municipalities throughout central and eastern Alabama.

The company’s retail banking offerings include checking and savings accounts, consumer and mortgage lending, online and mobile banking, and wealth management services. On the commercial side, AuburnBank delivers business checking, commercial real estate financing, equipment loans and cash management solutions tailored to support the growth and operational needs of local enterprises.

Serving primarily the Auburn–Opelika metropolitan area and surrounding counties, Auburn National Bancorporation leverages deep community ties and regional expertise to craft banking solutions that meet the unique needs of its customers.