Auburn National Bancorporation (NASDAQ:AUBN) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.43 and traded as high as $24.76. Auburn National Bancorporation shares last traded at $24.76, with a volume of 1,693 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Auburn National Bancorporation in a report on Thursday, May 22nd. They set a "hold" rating on the stock.

Auburn National Bancorporation Stock Performance

The business has a fifty day simple moving average of $20.88 and a 200 day simple moving average of $21.43. The company has a market cap of $86.41 million, a P/E ratio of 13.10 and a beta of 0.32.

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

Auburn National Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Tuesday, June 10th. Auburn National Bancorporation's dividend payout ratio (DPR) is 57.14%.

Institutional Trading of Auburn National Bancorporation

Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Auburn National Bancorporation by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 39,624 shares of the financial services provider's stock worth $931,000 after purchasing an additional 523 shares during the last quarter. Fourthstone LLC acquired a new stake in Auburn National Bancorporation in the 4th quarter valued at approximately $870,000. Bridgeway Capital Management LLC increased its position in Auburn National Bancorporation by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider's stock valued at $720,000 after acquiring an additional 572 shares during the period. LPL Financial LLC acquired a new stake in Auburn National Bancorporation in the 4th quarter valued at approximately $461,000. Finally, Empowered Funds LLC increased its position in Auburn National Bancorporation by 8.4% in the 1st quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider's stock valued at $261,000 after acquiring an additional 935 shares during the period. Institutional investors own 39.46% of the company's stock.

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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