Auburn National Bancorporation's senior vice president buys $680 in stock

Shannon O'Donnell, Senior Vice President of Auburn National Bancorporation, Inc. (NASDAQ:AUBN), a small-cap banking institution with a market capitalization of approximately $77 million, made two purchases of the company's common stock on January 14, 2025. The transactions involved a total of 28 shares, with purchase prices ranging from $23.9604 to $24.5401 per share, amounting to a total value of $680. Following these transactions, O'Donnell's direct ownership in the company increased to 1,450 shares. These purchases were part of Auburn National Bancorporation's Dividend Reinvestment and Optional Cash Purchase (DRIP/OCP) plan. InvestingPro data shows the company has maintained dividend payments for 30 consecutive years, with a current dividend yield of 5.02%. The stock is trading near its 52-week high of $25.40, with several additional financial insights available through InvestingPro's comprehensive analysis tools.

"In other recent news, Auburn National Bancorporation, a state commercial bank with a market capitalization of $80 million, has launched its 2024 Equity and Incentive Compensation Plan. This recent development, disclosed in a filing with the Securities and Exchange Commission (SEC), is designed to offer equity-based incentives to key employees and directors, aligning their interests with those of shareholders. The company, headquartered in Auburn, Alabama, has a history of consistent dividend payments for 30 consecutive years, indicating a strong commitment to shareholder returns.

The plan includes provisions for the issuance of various equity-based awards such as stock options, stock appreciation rights, and restricted stock units, among others. However, the specifics of the plan, such as the number of shares available and the terms of the awards, were not disclosed in the filing. This strategic move is part of the company's efforts to attract, retain, and motivate individuals who are crucial to its growth and success in the competitive banking landscape.

Auburn National Bancorporation currently offers a 4.57% dividend yield and has increased its dividend for 22 consecutive years. This aligns with the company's commitment to corporate governance and shareholder value. For further insights into Auburn National Bancorporation's financial health, consider referring to independent sources such as InvestingPro."

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