Auburn National Bancorporation (NASDAQ:AUBN – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $8.63 million during the quarter. Auburn National Bancorporation had a return on equity of 8.88% and a net margin of 16.53%.
Auburn National Bancorporation Trading Up 0.6%
AUBN stock opened at $23.87 on Friday. The firm has a 50 day simple moving average of $23.75 and a 200-day simple moving average of $24.89. The company has a market capitalization of $83.55 million, a P/E ratio of 10.52 and a beta of 0.42. Auburn National Bancorporation has a twelve month low of $19.91 and a twelve month high of $29.00.
Auburn National Bancorporation Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.08 dividend on an annualized basis and a yield of 4.5%. Auburn National Bancorporation’s dividend payout ratio is currently 47.58%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Auburn National Bancorporation
Institutional Investors Weigh In On Auburn National Bancorporation
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $1,133,000 after purchasing an additional 407 shares during the last quarter. Geode Capital Management LLC increased 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 buying an additional 439 shares during the last quarter. 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 valued at $743,000 after buying an additional 588 shares in the last quarter. Empowered Funds LLC lifted its holdings in 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 last quarter. Finally, Vanguard Group Inc. lifted its holdings in 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 last quarter. Institutional investors own 39.46% of the company’s stock.
Auburn National Bancorporation declared that its board has approved a stock 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 repurchase up to 6.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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.
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