Short Interest in Auburn National Bancorporation, Inc. (NASDAQ:AUBN) Expands By 8.7%

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 2,500 shares, a growth of 8.7% from the May 15th total of 2,300 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is currently 0.7 days.

Auburn National Bancorporation Stock Performance

Shares of NASDAQ:AUBN traded down $0.39 during midday trading on Tuesday, hitting $17.91. The company’s stock had a trading volume of 2,786 shares, compared to its average volume of 3,090. The company has a market cap of $62.51 million, a P/E ratio of 79.57 and a beta of 0.51. Auburn National Bancorporation has a 12-month low of $16.61 and a 12-month high of $23.20. The business’s 50 day simple moving average is $18.34 and its 200 day simple moving average is $19.70.

Auburn National Bancorporation (NASDAQ:AUBN) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.39 earnings per share for the quarter. The business had revenue of $7.56 million for the quarter. Auburn National Bancorporation had a net margin of 2.47% and a return on equity of 1.13%.

Auburn National Bancorporation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 10th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, June 10th. This represents a $1.08 dividend on an annualized basis and a yield of 6.03%. Auburn National Bancorporation’s payout ratio is 469.57%.

Insider Activity

In related news, CEO David A. Hedges purchased 10,000 shares of Auburn National Bancorporation stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $17.60 per share, for a total transaction of $176,000.00. Following the transaction, the chief executive officer now directly owns 11,663 shares in the company, valued at $205,268.80. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired 10,306 shares of company stock worth $181,739 in the last quarter. Corporate insiders own 24.43% of the company’s 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.