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

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.45 and traded as low as $23.19. Auburn National Bancorporation shares last traded at $23.1250, with a volume of 600 shares changing hands.

Wall Street Analysts Forecast Growth

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

Auburn National Bancorporation Stock Performance

The firm has a fifty day moving average of $24.56 and a 200-day moving average of $25.45. The stock has a market capitalization of $80.71 million, a price-to-earnings ratio of 11.12 and a beta of 0.41.

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

Auburn National Bancorporation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.08 annualized dividend and a yield of 4.7%. Auburn National Bancorporation’s payout ratio is 51.92%.

Auburn National Bancorporation declared that its board has authorized a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 6.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Auburn National Bancorporation

A number of hedge funds have recently made changes to their positions in AUBN. 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 in the last quarter. Geode Capital Management LLC grew its holdings in Auburn National Bancorporation by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 439 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in 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 valued at $743,000 after purchasing an additional 588 shares in the last quarter. Empowered Funds LLC increased its stake 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 period. Finally, Vanguard Group Inc. lifted 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 worth $2,090,000 after buying an additional 2,402 shares in the last quarter. Hedge funds and other institutional investors own 39.46% of the company’s stock.

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.