Auburn National Bancorporation (NASDAQ:AUBN) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.79 and traded as low as $24.40. Auburn National Bancorporation shares last traded at $24.80, with a volume of 11,748 shares trading hands.

Wall Street Analysts Forecast Growth

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

Auburn National Bancorporation Stock Up 1.2%

The business’s fifty day simple moving average is $23.70 and its two-hundred day simple moving average is $24.79. The company has a market cap of $86.55 million, a price-to-earnings ratio of 10.93 and a beta of 0.42.

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 net margin of 17.79% and a return on equity of 8.78%.

Auburn National Bancorporation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Auburn National Bancorporation’s payout ratio is presently 47.58%.

Auburn National Bancorporation declared that its Board of Directors has approved a share repurchase plan 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 purchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Auburn National Bancorporation

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of 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 during the period. Truffle Hound Capital LLC increased its holdings in shares of Auburn National Bancorporation by 7.3% in the 4th quarter. Truffle Hound Capital LLC now owns 50,000 shares of the financial services provider’s stock valued at $1,348,000 after acquiring an additional 3,420 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 during the period. Bridgeway Capital Management LLC grew its position in Auburn National Bancorporation by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 30,830 shares of the financial services provider’s stock valued at $831,000 after buying an additional 784 shares during the last quarter. Finally, Geode Capital Management LLC grew its position 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 valued at $691,000 after buying an additional 439 shares during the last quarter. 39.46% of the stock is owned by institutional investors and hedge funds.

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.