Auburn National Bancorporation, Inc. (NASDAQ:AUBN) Sees Significant Decrease in Short Interest

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,900 shares, a decrease of 48.6% from the March 31st total of 3,700 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

Auburn National Bancorporation Price Performance

NASDAQ:AUBN opened at $19.90 on Wednesday. The company’s 50 day moving average is $20.73 and its 200-day moving average is $21.71. Auburn National Bancorporation has a 12 month low of $16.48 and a 12 month high of $25.40. The firm has a market cap of $69.53 million, a price-to-earnings ratio of 10.82 and a beta of 0.35.

Auburn National Bancorporation (NASDAQ:AUBN) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $7.79 million for 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were given a dividend of $0.27 per share. The ex-dividend date was Monday, March 10th. This represents a $1.08 annualized dividend and a dividend yield of 5.43%. Auburn National Bancorporation’s dividend payout ratio is presently 57.14%.

Institutional Trading of Auburn National Bancorporation

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of Auburn National Bancorporation by 5.4% during the fourth quarter. Empowered Funds LLC now owns 11,170 shares of the financial services provider’s stock worth $262,000 after buying an additional 572 shares during the last quarter. Wealthedge Investment Advisors LLC bought a new position in Auburn National Bancorporation during the fourth quarter worth $272,000. LPL Financial LLC acquired a new position in Auburn National Bancorporation during the 4th quarter valued at $461,000. Geode Capital Management LLC boosted its holdings in Auburn National Bancorporation by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,368 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 1,429 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Auburn National Bancorporation by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 572 shares during the period. Institutional investors own 39.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Auburn National Bancorporation in a research note on Monday. They issued a “hold” rating on the 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.