Auburn National Bancorporation Inc (NASDAQ:AUBN) Short Interest Update

Auburn National Bancorporation Inc (NASDAQ:AUBN) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 46,900 shares, a decline of 17.4% from the June 30th total of 56,800 shares. Based on an average daily trading volume, of 9,900 shares, the short-interest ratio is currently 4.7 days. Currently, 2.0% of the shares of the stock are sold short.

AUBN stock traded up $0.04 during trading on Thursday, reaching $39.55. 1,133 shares of the company were exchanged, compared to its average volume of 5,009. The stock has a market cap of $141.59 million, a P/E ratio of 15.62 and a beta of 0.34. Auburn National Bancorporation has a 52-week low of $27.94 and a 52-week high of $47.99. The firm’s 50 day moving average is $36.36.

Auburn National Bancorporation (NASDAQ:AUBN) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $7.63 million during the quarter. Auburn National Bancorporation had a net margin of 27.30% and a return on equity of 10.26%.



The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Monday, September 9th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley raised its position in Auburn National Bancorporation by 522.4% during the second quarter. Morgan Stanley now owns 2,309 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 1,938 shares during the last quarter. Stevens First Principles Investment Advisors raised its position in Auburn National Bancorporation by 111.0% during the first quarter. Stevens First Principles Investment Advisors now owns 2,110 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 1,110 shares during the last quarter. Bank of America Corp DE raised its position in Auburn National Bancorporation by 63.3% during the fourth quarter. Bank of America Corp DE now owns 3,103 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,203 shares during the last quarter. Banc Funds Co. LLC acquired a new position in Auburn National Bancorporation during the second quarter worth about $101,000. Finally, Castine Capital Management LLC acquired a new position in Auburn National Bancorporation during the second quarter worth about $313,000. Institutional investors own 11.74% of the company’s stock.

Separately, ValuEngine downgraded shares of Auburn National Bancorporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th.

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's deposit products include 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; residential mortgage lending services; and other financial services.

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