Auburn National Bancorporation (NASDAQ:AUBN) Board of Directors Approves Share Buyback Plan

Key Points

• Board approves $5.0 million share repurchase, authorizing buybacks of up to 6.1% of shares via open-market purchases, a move that typically signals management believes the stock is undervalued.
• Dividend announced: a quarterly dividend of $0.27 per share (annualized $1.08) will be paid March 25 with an ex-dividend date of March 10, implying a ~4.3% yield and a payout ratio around 51.9%.
• Recent results and valuation: Auburn reported quarterly EPS of $0.48 on $7.73 million in revenue (ROE 8.41%, net margin 16.42%); the stock trades near $24.86 with a market cap of about $86.8 million and a P/E of 11.95.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 17th, RTT News reports. The company plans to repurchase $5.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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 MarketBeat, the company presently has a consensus rating of "Hold".

Auburn National Bancorporation Price Performance

AUBN traded up $1.25 during trading hours on Wednesday, reaching $24.86. The company's stock had a trading volume of 3,872 shares, compared to its average volume of 1,838. Auburn National Bancorporation has a fifty-two week low of $19.00 and a fifty-two week high of $29.00. The stock has a market cap of $86.76 million, a PE ratio of 11.95 and a beta of 0.42. The business's 50-day moving average is $24.94 and its 200-day moving average is $25.67.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last posted its earnings results on Tuesday, March 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter. Auburn National Bancorporation had a return on equity of 8.41% and a net margin of 16.42%.The company had revenue of $7.73 million during the quarter.

Auburn National Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Auburn National Bancorporation's dividend payout ratio (DPR) is presently 51.92%.

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.

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