Short Interest in Auburn National Bancorporation, Inc. (NASDAQ:AUBN) Declines By 37.5%

Key Points

• Auburn National Bancorporation experienced a significant 37.5% drop in short interest, going from 4,000 shares to 2,500 shares between August 15th and August 31st, indicating reduced bearish sentiment.
• The company recently announced a quarterly dividend of $0.27 per share, to be paid on September 25th, representing an annualized yield of 4.2%.
• Institutional ownership stands at 39.46% of Auburn National Bancorporation's stock, with notable investments from firms like Wealthedge and Bridgeway Capital Management.

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,500 shares, a drop of 37.5% from the August 15th total of 4,000 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Auburn National Bancorporation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthedge Investment Advisors LLC bought a new stake in shares of Auburn National Bancorporation during the 4th quarter valued at approximately $272,000. Bridgeway Capital Management LLC grew its holdings in shares of 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 purchasing an additional 588 shares during 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 valued at $261,000 after purchasing an additional 935 shares during the last quarter. Finally, Truffle Hound Capital LLC bought a new stake in shares of Auburn National Bancorporation during the 2nd quarter valued at approximately $703,000. 39.46% of the stock is owned by institutional investors.

Auburn National Bancorporation Trading Down 2.0%

AUBN stock traded down $0.53 during mid-day trading on Friday, hitting $26.22. The stock had a trading volume of 1,331 shares, compared to its average volume of 1,124. Auburn National Bancorporation has a 52 week low of $19.00 and a 52 week high of $29.00. The firm has a market capitalization of $91.51 million, a P/E ratio of 13.73 and a beta of 0.51. The firm has a fifty day simple moving average of $26.16 and a 200 day simple moving average of $22.96.

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. Auburn National Bancorporation had a net margin of 15.43% and a return on equity of 8.02%. The firm had revenue of $8.13 million for the quarter.

Auburn National Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.1%. Auburn National Bancorporation's payout ratio is 56.54%.

Analysts Set New Price Targets

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

Auburn National Bancorporation Company Profile

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.