Auburn National Bancorporation (NASDAQ:AUBN) Announces Stock Repurchase Program

Auburn National Bancorporation (NASDAQ:AUBN) declared that its Board of Directors has approved a share buyback plan on Tuesday, March 17th, RTT News reports. The company plans to repurchase $5.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Auburn National Bancorporation in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Auburn National Bancorporation Stock Performance

Shares of AUBN opened at $24.86 on Thursday. The firm has a fifty day moving average of $24.94 and a 200-day moving average of $25.67. The company has a market cap of $86.76 million, a price-to-earnings ratio of 11.95 and a beta of 0.42. Auburn National Bancorporation has a 1 year low of $19.00 and a 1 year high of $29.00.

Auburn National Bancorporation (NASDAQ:AUBN) last released its quarterly earnings data on Tuesday, March 17th. The financial services provider reported $0.48 earnings per share for the quarter. The business had revenue of $7.73 million for the quarter. Auburn National Bancorporation had a net margin of 16.42% and a return on equity of 8.41%.

Auburn National Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Auburn National Bancorporation’s payout ratio is 51.92%.

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.