Auburn National Bancorporation (NASDAQ:AUBN) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Auburn National Bancorporation shares recently crossed above their 200-day moving average of $22.35, reaching a high of $24.48 during trading.
• The company reported a quarterly earnings per share (EPS) of $0.52 and declared a dividend of $0.27 per share, which will be paid on September 25th.
• Institutional investors currently hold 39.46% of the company’s stock, with several hedge funds adjusting their stakes in recent quarters.

Shares of Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.35 and traded as high as $24.48. Auburn National Bancorporation shares last traded at $24.48, with a volume of 1,487 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on shares of 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 stock has a fifty day moving average price of $25.54 and a two-hundred day moving average price of $22.44. The company has a market cap of $90.30 million, a P/E ratio of 13.55 and a beta of 0.45.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last released its quarterly earnings results 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 for 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 declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 10th. Auburn National Bancorporation's dividend payout ratio is 56.54%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AUBN. Truffle Hound Capital LLC bought a new position in shares of Auburn National Bancorporation during the 2nd quarter valued at $703,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Auburn National Bancorporation during the 4th quarter worth about $272,000. Empowered Funds LLC increased its position 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 purchasing an additional 935 shares in the last quarter. Bridgeway Capital Management LLC increased its position in Auburn National Bancorporation by 2.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 28,693 shares of the financial services provider's stock valued at $743,000 after acquiring an additional 588 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew 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 buying an additional 523 shares during the period. Institutional investors and hedge funds 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.