Short Interest in Auburn National Bancorporation, Inc. (NASDAQ:AUBN) Rises By 113.7%

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 8,328 shares, an increase of 113.7% from the February 26th total of 3,897 shares. Based on an average daily volume of 2,285 shares, the short-interest ratio is currently 3.6 days. Currently, 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Auburn National Bancorporation in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Auburn National Bancorporation currently has an average rating of “Hold”.

Auburn National Bancorporation Stock Performance

Shares of NASDAQ:AUBN opened at $22.95 on Thursday. The stock’s 50-day simple moving average is $24.74 and its two-hundred day simple moving average is $25.55. The stock has a market capitalization of $80.19 million, a price-to-earnings ratio of 11.03 and a beta of 0.42. Auburn National Bancorporation has a 52-week low of $19.00 and a 52-week high of $29.00.

Auburn National Bancorporation (NASDAQ:AUBN) last released its quarterly earnings results on Tuesday, March 17th. The financial services provider reported $0.48 EPS for the quarter. Auburn National Bancorporation had a net margin of 16.53% and a return on equity of 8.27%. The firm had revenue of $7.73 million during the quarter.

Auburn National Bancorporation announced that its Board of Directors has approved a share buyback plan on Tuesday, March 17th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Auburn National Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders 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 yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Auburn National Bancorporation’s dividend payout ratio is currently 51.92%.

Institutional Investors Weigh In On Auburn National Bancorporation

A number of hedge funds have recently modified their holdings of AUBN. Empowered Funds LLC grew its position in shares of Auburn National Bancorporation by 8.4% during the 1st quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 935 shares during the period. Geode Capital Management LLC raised its holdings in Auburn National Bancorporation by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 439 shares during the period. Bridgeway Capital Management LLC raised its holdings in Auburn National Bancorporation by 2.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 28,693 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 588 shares during the period. Dimensional Fund Advisors LP lifted its position 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 valued at $1,133,000 after purchasing an additional 407 shares in the last quarter. Finally, Truffle Hound Capital LLC lifted its position in Auburn National Bancorporation by 65.6% during the third quarter. Truffle Hound Capital LLC now owns 46,580 shares of the financial services provider’s stock valued at $1,263,000 after purchasing an additional 18,460 shares in the last quarter. Institutional investors own 39.46% of the company’s stock.

About Auburn National Bancorporation

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.