Auburn National Bancorporation (NASDAQ:AUBN) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Auburn National Bancorporation shares recently surpassed the 200-day moving average, indicating a potential upward trend, trading at $26.90 compared to a moving average of $21.97.
• The company has a market capitalization of $93.88 million and reported a quarterly revenue of $8.13 million with an EPS of $0.52.
• Auburn National Bancorporation has declared a quarterly dividend of $0.27, yielding a total annualized dividend of $1.08, with a payout ratio of 56.54%.

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.97 and traded as high as $27.05. Auburn National Bancorporation shares last traded at $26.90, with a volume of 1,443 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 for the company.

Auburn National Bancorporation Stock Down 1.7%

The company has a market cap of $92.66 million, a price-to-earnings ratio of 13.90 and a beta of 0.45. The firm has a 50 day moving average price of $24.46 and a two-hundred day moving average price of $22.05.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $0.52 EPS for the quarter. The business had revenue of $8.13 million during the quarter. Auburn National Bancorporation had a return on equity of 8.12% and a net margin of 15.35%.

Auburn National Bancorporation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 10th. Auburn National Bancorporation's dividend payout ratio (DPR) is 56.54%.

Institutional Investors Weigh In On Auburn National Bancorporation

A number of hedge funds have recently added to or reduced their stakes in AUBN. Empowered Funds LLC boosted its position in Auburn National Bancorporation by 8.4% in the first 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 during the last quarter. Wealthedge Investment Advisors LLC purchased a new stake in shares of Auburn National Bancorporation in the fourth quarter worth $272,000. Bridgeway Capital Management LLC boosted its position in Auburn National Bancorporation by 1.9% in 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. Dimensional Fund Advisors LP raised its holdings 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. Finally, Fourthstone LLC purchased a new stake in shares of Auburn National Bancorporation during the 4th quarter worth approximately $870,000. 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.