Auburn National Bancorporation (NASDAQ:AUBN) CEO David Hedges Purchases 1,000 Shares

Key Points

• CEO David Hedges bought 1,000 shares at $23.75 on May 6, spending $23,750 and raising his holdings to 14,401 shares (a 7.46% increase), per an SEC filing.
• The board approved a $5.0 million share buyback (about 6.1% of outstanding stock) and the company pays a quarterly dividend of $0.27 (annualized $1.08) for a 4.7% yield and a ~47.6% payout ratio.
• Auburn posted quarterly EPS of $0.63 on $8.63M revenue (ROE 8.88%, net margin 16.53%); shares trade around $23.15 with a market cap of ~$80.9M and a P/E of 10.2.

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) CEO David Hedges acquired 1,000 shares of Auburn National Bancorporation stock in a transaction on Wednesday, May 6th. The shares were bought at an average price of $23.75 per share, with a total value of $23,750.00. Following the purchase, the chief executive officer directly owned 14,401 shares in the company, valued at approximately $342,023.75. The trade was a 7.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Auburn National Bancorporation Trading Down 1.7%

Shares of NASDAQ AUBN traded down $0.40 during trading on Thursday, reaching $23.15. 5,124 shares of the company traded hands, compared to its average volume of 3,534. The firm's fifty day simple moving average is $23.79 and its 200 day simple moving average is $24.95. The stock has a market cap of $80.92 million, a P/E ratio of 10.20 and a beta of 0.42. Auburn National Bancorporation, Inc. has a 12-month low of $19.91 and a 12-month high of $29.00.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.63 earnings per share for the quarter. The business had revenue of $8.63 million during the quarter. Auburn National Bancorporation had a return on equity of 8.88% and a net margin of 16.53%.

Auburn National Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.7%. Auburn National Bancorporation's dividend payout ratio (DPR) is presently 47.58%.

Auburn National Bancorporation declared that its board has authorized a share buyback 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 buy up to 6.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Auburn National Bancorporation by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 77,085 shares of the financial services provider's stock worth $2,090,000 after buying an additional 2,402 shares during the last quarter. Truffle Hound Capital LLC raised its holdings 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 acquiring an additional 3,420 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Auburn National Bancorporation by 1.0% in 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 acquiring an additional 407 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Auburn National Bancorporation by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,830 shares of the financial services provider's stock worth $831,000 after acquiring an additional 784 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $691,000 after acquiring an additional 439 shares during the last quarter. 39.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Auburn National Bancorporation in a research note on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

About Auburn National Bancorporation

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.