Auburn National Bancorporation (NASDAQ:AUBN) Announces Earnings Results

Auburn National Bancorporation (NASDAQ:AUBN) announced its earnings results on Wednesday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, FiscalAI reports. Auburn National Bancorporation had a net margin of 15.43% and a return on equity of 8.67%. The business had revenue of $8.40 million for the quarter.

Auburn National Bancorporation Price Performance

Shares of Auburn National Bancorporation stock opened at $25.80 on Thursday. Auburn National Bancorporation has a 52-week low of $19.00 and a 52-week high of $29.00. The firm has a market capitalization of $90.14 million, a PE ratio of 12.58 and a beta of 0.50. The company’s fifty day moving average price is $26.32 and its two-hundred day moving average price is $24.49.

Auburn National Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 10th. Auburn National Bancorporation’s payout ratio is 52.68%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings 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 valued at $261,000 after purchasing an additional 935 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in Auburn National Bancorporation in the second quarter valued at $703,000. 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 acquiring an additional 588 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 407 shares in the last quarter. Finally, Vanguard Group Inc. grew 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 worth $2,090,000 after purchasing an additional 2,402 shares during the last quarter. Institutional investors and hedge funds own 39.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Auburn National Bancorporation in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Auburn National Bancorporation has a consensus rating of “Hold”.

About Auburn National Bancorporation

Auburn National Bancorporation, Inc operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama. The company offers checking, savings, and transaction deposit accounts, as well as certificates of deposit. It also provides commercial, financial, agricultural, real estate construction, and consumer loan products; and other financial services.