Short Interest in Auburn National Bancorporation, Inc. (NASDAQ:AUBN) Declines By 15.6%

Auburn National Bancorporation, Inc. (NASDAQ:AUBN - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,800 shares, a drop of 15.6% from the February 28th total of 4,500 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the company's shares are sold short.

Hedge Funds Weigh In On Auburn National Bancorporation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in Auburn National Bancorporation during the 3rd quarter worth about $211,000. RBF Capital LLC acquired a new stake in Auburn National Bancorporation during the third quarter worth approximately $229,000. Empowered Funds LLC increased its holdings in Auburn National Bancorporation by 5.4% in the fourth quarter. Empowered Funds LLC now owns 11,170 shares of the financial services provider's stock worth $262,000 after purchasing an additional 572 shares in the last quarter. Wealthedge Investment Advisors LLC acquired a new position in Auburn National Bancorporation in the fourth quarter valued at approximately $272,000. Finally, LPL Financial LLC bought a new position in shares of Auburn National Bancorporation during the 4th quarter worth approximately $461,000. Institutional investors and hedge funds own 39.46% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Auburn National Bancorporation in a research report on Friday. They issued a "hold" rating for the company.

Auburn National Bancorporation Trading Down 1.2 %

NASDAQ:AUBN traded down $0.25 during trading hours on Friday, hitting $21.24. 6,886 shares of the company were exchanged, compared to its average volume of 4,450. The company has a fifty day simple moving average of $21.17 and a 200 day simple moving average of $21.95. Auburn National Bancorporation has a one year low of $16.48 and a one year high of $25.40. The stock has a market capitalization of $74.21 million, a price-to-earnings ratio of 11.54 and a beta of 0.56.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. Auburn National Bancorporation had a return on equity of 8.20% and a net margin of 2.43%.

Auburn National Bancorporation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Monday, March 10th. Auburn National Bancorporation's dividend payout ratio is presently 58.70%.

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.