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

Shares of Auburn National Bancorporation, Inc. (NASDAQ:AUBN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.82 and traded as high as $24.99. Auburn National Bancorporation shares last traded at $24.8150, with a volume of 3,432 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Auburn National Bancorporation in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Auburn National Bancorporation Trading Up 1.7%

The company has a market cap of $86.70 million, a price-to-earnings ratio of 12.10 and a beta of 0.50. The stock’s 50-day moving average is $26.06 and its 200-day moving average is $24.82.

Auburn National Bancorporation (NASDAQ:AUBN) last posted its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.64 earnings per share for the quarter. The firm had revenue of $8.40 million during the quarter. Auburn National Bancorporation had a net margin of 15.43% and a return on equity of 8.67%.

Auburn National Bancorporation Dividend Announcement

The company 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. The ex-dividend date is Wednesday, December 10th. This represents a $1.08 annualized dividend and a yield of 4.4%. Auburn National Bancorporation’s dividend payout ratio is presently 52.68%.

Hedge Funds Weigh In On Auburn National Bancorporation

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its position in Auburn National Bancorporation by 8.4% in the 1st 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 during the period. Truffle Hound Capital LLC acquired a new position in shares of Auburn National Bancorporation during the second quarter valued at about $703,000. Bridgeway Capital Management LLC increased its position in shares of 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 raised 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 worth $1,133,000 after acquiring an additional 407 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position 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 acquiring an additional 2,402 shares in the last quarter. 39.46% of the stock is owned by institutional investors and hedge funds.

Auburn National Bancorporation Company Profile

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.