David Hedges Acquires 1,000 Shares of Auburn National Bancorporation (NASDAQ:AUBN) Stock

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) CEO David Hedges purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average price of $23.75 per share, for a total transaction of $23,750.00. Following the acquisition, the chief executive officer owned 14,401 shares of the company’s stock, valued at $342,023.75. This trade represents a 7.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Auburn National Bancorporation Stock Performance

Shares of NASDAQ:AUBN opened at $23.44 on Friday. The firm has a market cap of $82.02 million, a PE ratio of 10.32 and a beta of 0.42. The firm’s fifty day moving average is $23.79 and its 200-day moving average is $24.95. Auburn National Bancorporation, Inc. has a 52 week low of $19.91 and a 52 week high of $29.00.

Auburn National Bancorporation (NASDAQ:AUBN) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.63 EPS for the quarter. The company had revenue of $8.63 million for the quarter. Auburn National Bancorporation had a net margin of 16.53% and a return on equity of 8.88%.

Auburn National Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, March 10th. Auburn National Bancorporation’s payout ratio is 47.58%.

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

Hedge Funds Weigh In On Auburn National Bancorporation

Hedge funds have recently bought and sold shares of the company. M3F Inc. bought a new position in Auburn National Bancorporation during the first quarter worth $218,000. Empowered Funds LLC raised its stake in Auburn National Bancorporation by 8.4% during the first quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider’s stock worth $261,000 after buying an additional 935 shares during the last quarter. Geode Capital Management LLC raised its stake in Auburn National Bancorporation by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock worth $691,000 after buying an additional 439 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Auburn National Bancorporation by 2.1% during the second quarter. Bridgeway Capital Management LLC now owns 28,693 shares of the financial services provider’s stock worth $743,000 after buying an additional 588 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Auburn National Bancorporation by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 41,808 shares of the financial services provider’s stock worth $1,133,000 after buying an additional 407 shares during the last quarter. Institutional investors own 39.46% of the company’s stock.

Analyst Ratings Changes

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

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.