Auburn National Bancorporation (NASDAQ:AUBN) Shares Pass Below 200 Day Moving Average – Here’s Why

Auburn National Bancorporation, Inc. (NASDAQ:AUBN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Auburn National Bancorporation in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Auburn National Bancorporation Stock Performance

The stock has a fifty day moving average of $24.74 and a 200 day moving average of $25.55. The company has a market capitalization of $80.19 million, a PE ratio of 11.03 and a beta of 0.42.

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

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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Auburn National Bancorporation’s dividend payout ratio is 51.92%.

Auburn National Bancorporation declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Auburn National Bancorporation

Several hedge funds have recently modified their holdings of AUBN. Dimensional Fund Advisors LP increased its position in 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 valued at $1,133,000 after acquiring an additional 407 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Auburn National Bancorporation by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 439 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Auburn National Bancorporation by 2.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 28,693 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 588 shares during the period. Empowered Funds LLC boosted its stake in shares of 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 purchasing an additional 935 shares during the period. Finally, Vanguard Group Inc. grew 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 valued at $2,090,000 after purchasing an additional 2,402 shares during the last quarter. 39.46% of the stock is owned by hedge funds and other institutional investors.

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.