Auburn National Bancorporation (NASDAQ:AUBN) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Auburn National Bancorporation shares crossed above their 200-day moving average, reaching $26.55 before closing at $26.32, compared with a 200-day average of $25.05.
• The company reported quarterly earnings of $0.66 per share on $8.77 million in revenue, with a 9.10% return on equity and an 18.60% net margin. Analysts maintain a consensus “Hold” rating.
• Auburn National declared a quarterly dividend of $0.27, equivalent to $1.08 annually and a 4.1% yield; institutional investors collectively own 39.46% of the company.

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.05 and traded as high as $26.55. Auburn National Bancorporation shares last traded at $26.32, with a volume of 826 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Auburn National Bancorporation in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Auburn National Bancorporation presently has an average rating of "Hold".

Auburn National Bancorporation Stock Performance

The business has a 50-day simple moving average of $26.49 and a 200 day simple moving average of $25.05. The firm has a market cap of $91.59 million, a P/E ratio of 10.92 and a beta of 0.43.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.66 earnings per share for the quarter. Auburn National Bancorporation had a return on equity of 9.10% and a net margin of 18.60%.The firm had revenue of $8.77 million for the quarter.

Auburn National Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 10th. Auburn National Bancorporation's dividend payout ratio (DPR) is currently 44.81%.

Hedge Funds Weigh In On Auburn National Bancorporation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in 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 worth $1,133,000 after buying an additional 407 shares in the last quarter. Geode Capital Management LLC boosted its position in Auburn National Bancorporation by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider's stock valued at $691,000 after acquiring an additional 439 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in Auburn National Bancorporation by 2.1% during 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. Empowered Funds LLC grew 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 acquiring an additional 935 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Auburn National Bancorporation by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 77,085 shares of the financial services provider's stock worth $2,090,000 after acquiring an additional 2,402 shares during the period. Hedge funds and other institutional investors own 39.46% of the company's stock.

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.

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