Key Points
- CEO David Hedges bought 1,000 shares on May 6 at an average price of $23.75, increasing his direct stake to 14,401 shares (a 7.46% rise; transaction value $23,750).
- The company pays a quarterly dividend of $0.27 (annualized $1.08) for a yield of about 4.7%, and its board authorized a $5.0 million share buyback program to repurchase up to ~6.1% of outstanding shares.
- Auburn National has a market capitalization of about $81.0 million with a trailing PE of 10.2 and recently reported quarterly EPS of $0.63 on $8.63 million in revenue (ROE 8.88%, net margin 16.53%).
Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) CEO David Hedges acquired 1,000 shares of Auburn National Bancorporation stock in a transaction on Wednesday, May 6th. The stock was acquired at an average price of $23.75 per share, with a total value of $23,750.00. Following the purchase, the chief executive officer directly owned 14,401 shares in the company, valued at approximately $342,023.75. This trade represents a 7.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Auburn National Bancorporation Price Performance
Shares of NASDAQ:AUBN opened at $23.15 on Friday. The company has a market capitalization of $81.01 million, a PE ratio of 10.20 and a beta of 0.42. The business has a fifty day moving average price of $23.79 and a two-hundred day moving average price of $24.95. Auburn National Bancorporation, Inc. has a 1 year low of $19.91 and a 1 year high of $29.00.
Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.63 earnings per share for the quarter. The company had revenue of $8.63 million during the quarter. Auburn National Bancorporation had a return on equity of 8.88% and a net margin of 16.53%.
Auburn National Bancorporation Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.7%. Auburn National Bancorporation's dividend payout ratio is presently 47.58%.
Auburn National Bancorporation declared that its board has authorized a stock repurchase program on Tuesday, March 17th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 6.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Auburn National Bancorporation in a research note on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Auburn National Bancorporation has a consensus rating of "Hold".
Read Our Latest Stock Report on Auburn National Bancorporation
Institutional Trading of Auburn National Bancorporation
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 2,402 shares in the last quarter. Truffle Hound Capital LLC lifted its holdings in Auburn National Bancorporation by 7.3% during the 4th quarter. Truffle Hound Capital LLC now owns 50,000 shares of the financial services provider's stock worth $1,348,000 after purchasing an additional 3,420 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Auburn National Bancorporation by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 41,808 shares of the financial services provider's stock worth $1,133,000 after purchasing an additional 407 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Auburn National Bancorporation by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 30,830 shares of the financial services provider's stock worth $831,000 after purchasing an additional 784 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 worth $691,000 after purchasing an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 39.46% of the company's stock.
Auburn National Bancorporation Company Profile
(
Get Free Report)
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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