Auburn National Bancorporation (NASDAQ:AUBN) Posts Earnings Results

Auburn National Bancorporation (NASDAQ:AUBN) released its quarterly earnings results on Tuesday. The financial services provider reported $0.63 EPS for the quarter, Zacks reports. Auburn National Bancorporation had a net margin of 16.53% and a return on equity of 8.27%.

Auburn National Bancorporation Price Performance

Shares of AUBN opened at $23.98 on Wednesday. Auburn National Bancorporation has a 1-year low of $19.59 and a 1-year high of $29.00. The company has a 50-day moving average of $23.97 and a 200 day moving average of $25.05. The firm has a market capitalization of $83.93 million, a price-to-earnings ratio of 11.53 and a beta of 0.41.

Auburn National Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.08 dividend on an annualized basis and a yield of 4.5%. Auburn National Bancorporation’s dividend payout ratio (DPR) is presently 51.92%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, Auburn National Bancorporation currently has an average rating of “Hold”.

Institutional Investors Weigh In On Auburn National Bancorporation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUBN. Truffle Hound Capital LLC lifted its holdings in Auburn National Bancorporation by 7.3% during the 4th quarter. Truffle Hound Capital LLC now owns 50,000 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 3,420 shares in the last quarter. Vanguard Group Inc. lifted 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 buying an additional 2,402 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Auburn National Bancorporation by 4.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 30,046 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 1,353 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Auburn National Bancorporation by 9.1% in the 4th quarter. Empowered Funds LLC now owns 15,330 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 1,284 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 valued at $691,000 after purchasing an additional 439 shares in the last quarter. Institutional investors own 39.46% of the company’s stock.

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

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.