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

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 3,300 shares, an increase of 32.0% from the May 15th total of 2,500 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.2% of the company's stock are sold short.

Hedge Funds Weigh In On Auburn National Bancorporation

Several large investors have recently made changes to their positions in AUBN. Fourthstone LLC acquired a new stake in Auburn National Bancorporation in the 4th quarter valued at approximately $870,000. LPL Financial LLC acquired a new stake in shares of Auburn National Bancorporation in the fourth quarter worth $461,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Auburn National Bancorporation in the fourth quarter worth $272,000. 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 acquiring an additional 935 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in Auburn National Bancorporation by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider's stock valued at $720,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 39.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Auburn National Bancorporation in a research note on Thursday, May 22nd. They issued a "hold" rating on the stock.

Auburn National Bancorporation Stock Performance

Shares of Auburn National Bancorporation stock traded up $1.21 on Friday, reaching $22.93. The stock had a trading volume of 595 shares, compared to its average volume of 4,137. The business's 50-day moving average price is $20.55 and its two-hundred day moving average price is $21.43. Auburn National Bancorporation has a fifty-two week low of $16.48 and a fifty-two week high of $25.40. The stock has a market cap of $80.03 million, a P/E ratio of 12.13 and a beta of 0.32.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.44 EPS for the quarter. The firm had revenue of $7.79 million for the quarter. Auburn National Bancorporation had a net margin of 15.35% and a return on equity of 8.17%.

Auburn National Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.71%. Auburn National Bancorporation's payout ratio is presently 57.14%.

Auburn National Bancorporation Company Profile

Auburn National Bancorporation, Inc operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama. The company offers checking, savings, and transaction deposit accounts, as well as certificates of deposit. It also provides commercial, financial, agricultural, real estate construction, and consumer loan products; and other financial services.