AUBURN, AL – In a recent transaction filed with the Securities and Exchange Commission, Shannon O'Donnell, Senior Vice President of Auburn National Bancorporation, Inc. (NASDAQ:AUBN), acquired additional shares in the company. The executive purchased a total of 34 shares of common stock, with the transactions taking place on April 9, 2024.
The shares were bought at prices ranging from $19.16 to $19.44, amounting to a total investment of $655. These transactions were part of the company's 2nd quarter Dividend Reinvestment Plan (DRIP)/Optional Cash Purchase (OCP), as noted in the filing remarks.
Following these purchases, O'Donnell's holdings in Auburn National Bancorporation increased to 1,356 shares of common stock. The investment reflects the executive's ongoing commitment to the company and adds to the insider activity that investors often monitor for indications of confidence in the firm's future performance.
Auburn National Bancorporation, based in Auburn, Alabama, operates as a state commercial bank and is incorporated in Delaware. The company's business address is located at 100 N Gay St, Auburn, AL, with a business phone number of 334-821-9200.
The SEC filing was signed by Shannon O'Donnell on April 10, 2024, confirming the completion of the transactions.
InvestingPro Insights
Amid the recent insider transactions at Auburn National Bancorporation, Inc. (NASDAQ:AUBN), investors are considering the company's financial health and market performance. According to InvestingPro data, Auburn National Bancorporation has a market capitalization of approximately $65.72 million and is trading at a price-to-earnings (P/E) ratio of 47.12, which is adjusted to 48.59 when considering the last twelve months as of Q4 2023. These metrics suggest that the company is trading at a high earnings multiple, which is an important factor for investors to consider.
Despite a challenging revenue environment with a -29.11% revenue decline over the last twelve months as of Q4 2023, Auburn National Bancorporation has demonstrated a commitment to shareholder returns. An InvestingPro Tip highlights that the company has raised its dividend for 22 consecutive years and has maintained dividend payments for 30 consecutive years, showcasing a long-standing policy of returning value to its shareholders. The current dividend yield stands at a generous 5.68%, as of the latest data point in 2024.
However, investors should note that the company is trading near its 52-week low, with the price at the previous close being $19.03. This could represent an opportunity for value investors, especially considering that Auburn National Bancorporation has been profitable over the last twelve months, as another InvestingPro Tip indicates.
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