Auburn National Bancorporation Inc (NASDAQ:AUBN) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 42,300 shares, a drop of 9.8% from the July 31st total of 46,900 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 4.5 days.

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

AUBN stock traded down $0.15 during trading on Friday, reaching $41.05. The company had a trading volume of 2 shares, compared to its average volume of 1,329. The firm has a 50-day simple moving average of $39.56 and a 200-day simple moving average of $36.49. The company has a market cap of $147.08 million, a price-to-earnings ratio of 14.92 and a beta of 0.35. Auburn National Bancorporation has a twelve month low of $27.94 and a twelve month high of $47.55.

Auburn National Bancorporation (NASDAQ:AUBN) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.64 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, September 9th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its stake in Auburn National Bancorporation by 522.4% during the 2nd quarter. Morgan Stanley now owns 2,309 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,938 shares during the period. Stevens First Principles Investment Advisors boosted its position in shares of Auburn National Bancorporation by 19.4% during the 2nd quarter. Stevens First Principles Investment Advisors now owns 2,520 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 410 shares during the last quarter. Banc Funds Co. LLC acquired a new position in Auburn National Bancorporation in the second quarter valued at about $101,000. Bank of America Corp DE lifted its position in Auburn National Bancorporation by 63.3% in the fourth quarter. Bank of America Corp DE now owns 3,103 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,203 shares during the last quarter. Finally, Castine Capital Management LLC acquired a new position in Auburn National Bancorporation in the second quarter valued at about $313,000. Institutional investors and hedge funds own 8.57% 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'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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