Auburn National Bancorporation (NASDAQ:AUBN) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $25.55 and traded as low as $22.89. Auburn National Bancorporation shares last traded at $22.95, with a volume of 3,590 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Auburn National Bancorporation in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Auburn National Bancorporation Trading Up 4.4%

The stock’s 50-day simple moving average is $24.69 and its 200-day simple moving average is $25.52. The stock has a market cap of $83.59 million, a price-to-earnings ratio of 11.51 and a beta of 0.42.

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

Auburn National Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, March 10th. Auburn National Bancorporation’s dividend payout ratio (DPR) is 51.92%.

Auburn National Bancorporation declared that its Board of Directors has authorized a stock buyback plan on Tuesday, March 17th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Auburn National Bancorporation

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Auburn National Bancorporation by 1.0% in the third 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 lifted its position 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 purchasing an additional 439 shares during the period. Bridgeway Capital Management LLC grew 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 in the last quarter. Empowered Funds LLC grew 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 in the last quarter. Finally, Vanguard Group Inc. increased its holdings in 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 buying an additional 2,402 shares during the period. 39.46% of the stock is owned by institutional investors and hedge funds.

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.