Auburn National Bancorporation, Inc. (NASDAQ:AUBN) Sees Large Increase in Short Interest

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 8,328 shares, a growth of 113.7% from the February 26th total of 3,897 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,285 shares, the short-interest ratio is presently 3.6 days.

Auburn National Bancorporation Trading Up 4.4%

Auburn National Bancorporation stock opened at $23.95 on Friday. Auburn National Bancorporation has a 1-year low of $19.00 and a 1-year high of $29.00. The company has a fifty day simple moving average of $24.69 and a 200 day simple moving average of $25.52. The company has a market cap of $83.59 million, a P/E ratio of 11.51 and a beta of 0.42.

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

Auburn National Bancorporation Announces Dividend

The business also recently announced 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. This represents a $1.08 annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, March 10th. Auburn National Bancorporation’s dividend payout ratio is presently 51.92%.

Auburn National Bancorporation declared that its Board of Directors has approved a stock 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 purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in shares of 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 purchasing an additional 935 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Auburn National Bancorporation by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock valued at $691,000 after buying an additional 439 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Auburn National Bancorporation by 2.1% in the second quarter. Bridgeway Capital Management LLC now owns 28,693 shares of the financial services provider’s stock valued at $743,000 after buying an additional 588 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 last quarter. Finally, Truffle Hound Capital LLC increased its holdings in Auburn National Bancorporation by 65.6% during the third quarter. Truffle Hound Capital LLC now owns 46,580 shares of the financial services provider’s stock worth $1,263,000 after buying an additional 18,460 shares during the last quarter. Institutional investors and hedge funds 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.