Auburn National Bank
Auburn National Bancorporation, Inc. [NASDAQ - AUBN]
Auburn National Bancorporation, Inc. is a bank holding company. It engages in the provision of banking services to commercial and retail customers.
On April 28th, 2025, two INSIDERS bought stock in their own company.
President & CEO David Hedges
Bought 150 shares
$19.88 per share - Live Price
$2,982.00
Director Michael Lawler
Bought 1,000 shares
$19.89 per share - Live Price
$19,893.00
President & CEO David Hedges
Director Michael Lawler
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Seeking Alpha
Auburn National press release (NASDAQ:AUBN): Q1 GAAP EPS of $0.44.
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Hedge funds and other institutional investors have recently modified their holdings of the company.
Empowered Funds LLC grew its stake in shares of 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 during the last quarter.
Wealthedge Investment Advisors LLC purchased a new position in shares of Auburn National Bancorporation during the fourth quarter valued at approximately $272,000. LPL Financial LLC bought a new position in shares of Auburn National Bancorporation during the fourth quarter valued at approximately $461,000.
Geode Capital Management LLC lifted its stake in Auburn National Bancorporation by 6.5% in the third quarter. Geode Capital Management LLC now owns 23,368 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 1,429 shares during the period.
Finally, Bridgeway Capital Management LLC boosted its holdings in Auburn National Bancorporation by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 572 shares in the last quarter. 39.46% of the stock is owned by institutional investors.
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Auburn National Bancorporation, Inc. (NASDAQ:AUBN – Get Free Report) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,900 shares, a drop of 48.6% from the March 31st total of 3,700 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,200 shares, the short-interest ratio is presently 0.9 days.
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The company maintained strong credit quality with nonperforming assets at 0.05% of total assets. Liquidity also improved significantly, with cash and cash equivalents rising to 11.90% of total assets. The company's allowance for credit losses was $6.8 million, or 1.20% of total loans, showing a slight decrease from the previous quarter.
Strategic Initiatives and Corporate Developments
Auburn National Bancorporation, Inc. paid cash dividends of $0.27 per share in the first quarter of 2025. The company's consolidated stockholders' equity increased to $83.1 million, or $23.79 per share, driven by other comprehensive income and net earnings, partially offset by cash dividends paid.
Management's Perspective
David A. Hedges, President and CEO, commented, "Our first quarter results reflect strong credit quality and continued improvement in our net interest margin. While loan demand has slowed, we remain optimistic that our net interest margin will continue to improve as loans and securities re-price. Once again, our capital and liquidity remain strong and we are well positioned to meet the needs of our customers."
Future Outlook
The company remains optimistic about future improvements in net interest margin as loans and securities re-price. The effective tax rate for the first quarter of 2025 was 20.40%, influenced by tax-exempt earnings and New Markets Tax Credits.
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Reporter NameLawler Michael ARelationshipDirectorTypePurchaseAmount$19,893SEC FilingForm 4
Michael A Lawler, a Director at Auburn National Bancorporation, purchased 1,000 shares of common stock at a price of $19.893 per share on April 28, 2025. This transaction increased Lawler's direct ownership to 3,000 shares.
The total purchase amount was $19,893.
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AUBURN, Ala., Feb. 11, 2025 (GLOBE NEWSWIRE) -- On February 11, 2025, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a first quarter $0.27 per share cash dividend, payable March 25, 2025 to shareholders of record as of March 10, 2025.
About Auburn National Bancorporation, Inc.
Auburn National Bancorporation, Inc. (the “Company”) is the parent company of AuburnBank (the “Bank”), with total assets of approximately $977 million. The Bank is an Alabama state-chartered bank that is a member of the Federal Reserve System, which has operated continuously since 1907. Both the Company and the Bank are headquartered in Auburn, Alabama. The Bank conducts its business in East Alabama, including Lee County and surrounding areas. The Bank currently operates seven full-service branches in Auburn, Opelika, Valley, and Notasulga, Alabama. The Bank also operates a loan production office in Phenix City, Alabama. Additional information about the Company and the Bank may be found by visiting www.auburnbank.com.
For additional information, contact:
David A. Hedges
President and CEO
(334) 821-9200