David Housel, a director at Auburn National Bancorporation, Inc. (NASDAQ:AUBN), recently acquired 100 shares of the company's common stock. The transaction, valued at $2,340, was executed at a price of $23.40 per share. Following this purchase, Housel's total holdings in Auburn National Bancorporation increased to 7,871 shares. The transaction was reported in a recent SEC filing, reflecting Housel's direct ownership of the shares.
InvestingPro Insights
David Housel's recent acquisition of Auburn National Bancorporation (NASDAQ:AUBN) shares comes at an interesting time for the company. According to InvestingPro data, AUBN's stock has shown strong performance recently, with a 31.76% price total return over the last three months and a 28.91% return over the past six months. This upward trend aligns with one of the InvestingPro Tips, which highlights the stock's "Strong return over the last three months."
Despite the positive price momentum, investors should note that AUBN is currently trading at a high earnings multiple, with a P/E ratio of 96.72. This valuation metric suggests that the stock may be priced at a premium compared to its earnings, which could be a consideration for potential investors.
On a positive note, AUBN has maintained a consistent dividend policy. An InvestingPro Tip reveals that the company "has raised its dividend for 22 consecutive years," which may be attractive to income-focused investors. The current dividend yield stands at 4.56%, offering a steady income stream for shareholders.
For those interested in a more comprehensive analysis, InvestingPro offers additional tips and insights on AUBN. There are 7 more tips available on the InvestingPro platform, which could provide further context to David Housel's recent share purchase and the company's overall financial health.
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