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

Auburn National Bancorporation (NASDAQ:AUBN) posted its earnings results on Wednesday. The financial services provider reported $0.63 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $8.63 million during the quarter. Auburn National Bancorporation had a return on equity of 8.88% and a net margin of 16.53%.

Auburn National Bancorporation Stock Down 1.2%

AUBN opened at $23.73 on Thursday. The firm has a market cap of $83.06 million, a price-to-earnings ratio of 10.45 and a beta of 0.42. Auburn National Bancorporation has a 52 week low of $19.91 and a 52 week high of $29.00. The business’s 50 day moving average is $23.75 and its two-hundred day moving average is $24.90.

Auburn National Bancorporation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.08 annualized dividend and a yield of 4.6%. Auburn National Bancorporation’s payout ratio is 47.58%.

Auburn National Bancorporation declared that its board has approved a stock repurchase program on Tuesday, March 17th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy up to 6.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Auburn National Bancorporation in a research note on Monday, April 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. M3F Inc. acquired a new position in Auburn National Bancorporation during the first quarter worth approximately $218,000. Empowered Funds LLC increased its position in Auburn National Bancorporation by 8.4% during the first 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. Geode Capital Management LLC increased its position in Auburn National Bancorporation by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock worth $691,000 after buying an additional 439 shares during the period. Bridgeway Capital Management LLC increased its position in 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 buying an additional 588 shares during the period. Finally, 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 worth $1,133,000 after buying an additional 407 shares during the period. Institutional investors and hedge funds own 39.46% of the company’s stock.

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.