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

Key Points

• Auburn National Bancorporation reported a quarterly earnings of $0.64 EPS, with a return on equity of 8.02% and a net margin of 15.43%.
• The company's stock price decreased by 3.9%, trading at $25.84, with a market capitalization of $90.18 million.
• Auburn National Bancorporation declared a quarterly dividend of $0.27 per share, translating to an annualized dividend of $1.08 and a yield of 4.2%.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.64 EPS for the quarter, Zacks reports. Auburn National Bancorporation had a return on equity of 8.02% and a net margin of 15.43%.

Auburn National Bancorporation Stock Down 3.9%

Shares of NASDAQ AUBN traded down $1.06 during mid-day trading on Thursday, reaching $25.84. 410 shares of the company were exchanged, compared to its average volume of 1,158. The company's 50-day simple moving average is $26.06 and its 200-day simple moving average is $23.83. The stock has a market capitalization of $90.18 million, a P/E ratio of 13.53 and a beta of 0.49. Auburn National Bancorporation has a twelve month low of $19.00 and a twelve month high of $29.00.

Auburn National Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, September 10th. Auburn National Bancorporation's dividend payout ratio (DPR) is currently 56.54%.

Institutional Investors Weigh In On Auburn National Bancorporation

A hedge fund recently raised its stake in Auburn National Bancorporation stock. Bridgeway Capital Management LLC grew its stake in shares of Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Free Report) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,693 shares of the financial services provider's stock after acquiring an additional 588 shares during the period. Bridgeway Capital Management LLC owned 0.82% of Auburn National Bancorporation worth $743,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 39.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Auburn National Bancorporation in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

About Auburn National Bancorporation

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.

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