Auburn National Bancorporation (NASDAQ:AUBN) Shares Cross Above 50-Day Moving Average – Here’s Why

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, Auburn National Bancorporation presently has a consensus rating of “Hold”.

Auburn National Bancorporation Price Performance

The stock has a fifty day simple moving average of $25.01 and a 200-day simple moving average of $24.88. The company has a market capitalization of $87.28 million, a price-to-earnings ratio of 11.02 and a beta of 0.42.

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

Auburn National Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.08 dividend on an annualized basis and a yield of 4.3%. Auburn National Bancorporation’s payout ratio is presently 47.58%.

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

Hedge Funds Weigh In On Auburn National Bancorporation

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings 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 worth $1,133,000 after purchasing an additional 407 shares during the period. Geode Capital Management LLC grew its holdings in 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 valued at $691,000 after purchasing an additional 439 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Auburn National Bancorporation by 2.1% in the second quarter. Bridgeway Capital Management LLC now owns 28,693 shares of the financial services provider’s stock valued at $743,000 after buying an additional 588 shares in the last quarter. Empowered Funds LLC raised its stake 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 worth $261,000 after buying an additional 935 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Auburn National Bancorporation by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 77,085 shares of the financial services provider’s stock worth $2,090,000 after buying an additional 2,402 shares during the period. Hedge funds and other 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.