Auburn National Bancorporation (NASDAQ:AUBN) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares of Auburn National Bancorporation crossed above their 200-day moving average, reaching a high of $26.24 before closing at $25.98.
• The company reported $0.52 earnings per share for its latest quarter and declared a quarterly dividend of $0.27 per share, marking a yield of 4.2%.
• Institutional investors own 39.46% of Auburn National Bancorporation's stock, with several funds increasing their stakes in the company in recent months.

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 $22.17 and traded as high as $26.24. Auburn National Bancorporation shares last traded at $25.98, with a volume of 1,711 shares traded.

Analysts Set New Price Targets

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

Auburn National Bancorporation Price Performance

The company has a market capitalization of $86.85 million, a price-to-earnings ratio of 13.03 and a beta of 0.45. The firm has a 50-day moving average price of $25.08 and a two-hundred day moving average price of $22.23.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.52 earnings per share for the quarter. The company had revenue of $8.13 million during the quarter. Auburn National Bancorporation had a return on equity of 8.02% and a net margin of 15.43%.

Auburn National Bancorporation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be issued a $0.27 dividend. 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 Wednesday, September 10th. Auburn National Bancorporation's dividend payout ratio is presently 56.54%.

Institutional Trading of Auburn National Bancorporation

A number of hedge funds have recently made changes to their positions in AUBN. LPL Financial LLC acquired a new stake in shares of Auburn National Bancorporation in the fourth quarter valued at approximately $461,000. Dimensional Fund Advisors LP boosted its position in shares of Auburn National Bancorporation by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 39,624 shares of the financial services provider's stock worth $931,000 after acquiring an additional 523 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Auburn National Bancorporation by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider's stock worth $720,000 after purchasing an additional 572 shares during the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of Auburn National Bancorporation in the 4th quarter valued at $272,000. Finally, Empowered Funds LLC raised its holdings in shares of Auburn National Bancorporation by 8.4% during the 1st quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider's stock worth $261,000 after buying an additional 935 shares in the last quarter. 39.46% of the stock is owned by institutional investors and hedge funds.

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.