Auburn National Bancorporation (NASDAQ:AUBN) Stock Passes Above 200 Day Moving Average – What’s Next?

Auburn National Bancorporation, Inc. (NASDAQ:AUBN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.47 and traded as high as $24.10. Auburn National Bancorporation shares last traded at $23.80, with a volume of 678 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Auburn National Bancorporation in a research note on Thursday, May 22nd. They issued a “hold” rating on the stock.

Auburn National Bancorporation Stock Down 1.4%

The stock’s 50-day moving average is $21.43 and its 200-day moving average is $21.47. The firm has a market cap of $83.04 million, a P/E ratio of 12.59 and a beta of 0.37.

Auburn National Bancorporation (NASDAQ:AUBN) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. Auburn National Bancorporation had a net margin of 15.35% and a return on equity of 8.17%. The business had revenue of $7.79 million for the quarter.

Auburn National Bancorporation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.08 annualized dividend and a yield of 4.54%. Auburn National Bancorporation’s dividend payout ratio is 57.14%.

Hedge Funds Weigh In On Auburn National Bancorporation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthedge Investment Advisors LLC bought a new stake in shares of Auburn National Bancorporation during the fourth quarter valued at approximately $272,000. Empowered Funds LLC increased its holdings in Auburn National Bancorporation by 8.4% in the 1st quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider’s stock valued at $261,000 after buying an additional 935 shares during the period. LPL Financial LLC bought a new stake in Auburn National Bancorporation in the 4th quarter valued at $461,000. Bridgeway Capital Management LLC increased 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 buying an additional 572 shares during the period. Finally, Fourthstone LLC bought a new stake in Auburn National Bancorporation in the 4th quarter valued at $870,000. 39.46% of the stock is currently owned by institutional investors.

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.