Auburn National Bancorporation (NASDAQ:AUBN) Announces Quarterly Earnings Results

Auburn National Bancorporation (NASDAQ:AUBN) released its quarterly earnings data on Wednesday. The financial services provider reported $0.63 EPS for the quarter, FiscalAI reports. Auburn National Bancorporation had a return on equity of 8.88% and a net margin of 16.53%.The business had revenue of $8.63 million for the quarter.

Auburn National Bancorporation Stock Performance

Shares of NASDAQ:AUBN traded down $0.28 during midday trading on Wednesday, reaching $23.73. 6,848 shares of the company’s stock traded hands, compared to its average volume of 3,548. Auburn National Bancorporation has a 1 year low of $19.91 and a 1 year high of $29.00. The company has a market cap of $82.96 million, a P/E ratio of 10.45 and a beta of 0.42. The company has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $24.92.

Auburn National Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.6%. Auburn National Bancorporation’s dividend payout ratio (DPR) is 47.58%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Auburn National Bancorporation in a research report on Monday, April 20th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. M3F Inc. purchased a new position in shares of Auburn National Bancorporation during the 1st quarter valued at approximately $218,000. Empowered Funds LLC raised its stake 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 last quarter. Geode Capital Management LLC raised its stake in 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 valued at $691,000 after purchasing an additional 439 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Auburn National Bancorporation by 2.1% in 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 valued at $1,133,000 after purchasing an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 39.46% of the company’s stock.

Auburn National Bancorporation declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 17th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.