Short Interest in Auburn National Bancorporation, Inc. (NASDAQ:AUBN) Decreases By 48.6%

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,900 shares, a decline of 48.6% from the March 31st total of 3,700 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are sold short.

Auburn National Bancorporation Price Performance

Auburn National Bancorporation stock traded up $0.06 during midday trading on Friday, hitting $20.15. The company's stock had a trading volume of 171 shares, compared to its average volume of 4,197. The company has a market cap of $70.40 million, a price-to-earnings ratio of 10.95 and a beta of 0.35. Auburn National Bancorporation has a 1-year low of $16.48 and a 1-year high of $25.40. The company has a 50-day moving average price of $20.70 and a two-hundred day moving average price of $21.69.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.44 earnings per share for the quarter. The company had revenue of $7.79 million during the quarter. Auburn National Bancorporation had a net margin of 2.43% and a return on equity of 8.20%.

Auburn National Bancorporation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Monday, March 10th. Auburn National Bancorporation's dividend payout ratio (DPR) is currently 57.14%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Auburn National Bancorporation in a research report on Monday. They set a "hold" rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AUBN. Geode Capital Management LLC grew its stake in Auburn National Bancorporation by 6.5% during the third quarter. Geode Capital Management LLC now owns 23,368 shares of the financial services provider's stock worth $535,000 after buying an additional 1,429 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Auburn National Bancorporation by 5.4% during the 4th quarter. Empowered Funds LLC now owns 11,170 shares of the financial services provider's stock worth $262,000 after acquiring an additional 572 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Auburn National Bancorporation during the 4th quarter worth approximately $461,000. Fourthstone LLC bought a new position in Auburn National Bancorporation in the fourth quarter valued at approximately $870,000. Finally, Dimensional Fund Advisors LP raised its position in Auburn National Bancorporation by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 39,624 shares of the financial services provider's stock valued at $931,000 after purchasing an additional 523 shares in the last quarter. 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.