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 earnings per share for the quarter, Zacks reports. Auburn National Bancorporation had a net margin of 16.53% and a return on equity of 8.27%. The business had revenue of $8.63 million during the quarter.

Auburn National Bancorporation Price Performance

Auburn National Bancorporation stock opened at $23.56 on Thursday. The company has a market cap of $82.46 million, a PE ratio of 11.33 and a beta of 0.41. The company has a fifty day moving average price of $23.92 and a two-hundred day moving average price of $25.04. Auburn National Bancorporation has a 12 month low of $19.59 and a 12 month high of $29.00.

Auburn National Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Auburn National Bancorporation’s payout ratio is currently 51.92%.

Hedge Funds Weigh In On Auburn National Bancorporation

A number of hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in Auburn National Bancorporation by 9.1% in the fourth quarter. Empowered Funds LLC now owns 15,330 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 1,284 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Auburn National Bancorporation by 2.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 30,830 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 784 shares in the last quarter. Truffle Hound Capital LLC raised its stake in shares of Auburn National Bancorporation by 7.3% during the fourth quarter. Truffle Hound Capital LLC now owns 50,000 shares of the financial services provider’s stock valued at $1,348,000 after purchasing an additional 3,420 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $691,000 after purchasing an additional 439 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 valued at $1,133,000 after purchasing an additional 407 shares in the last quarter. Institutional investors and hedge funds own 39.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Auburn National Bancorporation in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Auburn National Bancorporation presently has an average rating of “Hold”.

Auburn National Bancorporation declared that its board has approved a share repurchase program on Tuesday, March 17th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase programs are usually an indication 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.