William F. Ham Jr., serving as a director for Auburn National Bancorporation, Inc. (NASDAQ:AUBN), executed a purchase of company common stock on July 2, 2026, totaling $1,524. This acquisition involved 57 shares obtained through two distinct transactions priced between $26.01 and $26.90 per share. In the initial transaction, Ham acquired 47 shares at $26.90 each. A subsequent purchase added 10 shares at $26.01 per share. These shares were acquired directly by Mr. Ham.
Post-transaction, Ham's direct ownership stands at 5,094 shares. Indirect holdings through his spouse account for an additional 300 shares. The transactions were facilitated through either a Dividend Reinvestment Plan (DRIP) or an Officer Compensation Plan (OCP). Auburn National Bancorporation has sustained dividend payments for 32 consecutive years, with the current yield at 4%. The stock currently trades at $27.63, reflecting a 16% increase over the past year. Valuation analysis indicates the shares remain undervalued relative to their fair value estimate.
In parallel corporate developments, Auburn National Bancorporation announced a second-quarter cash dividend of $0.27 per share. This dividend is scheduled for payment on June 25, 2026, to shareholders on record as of June 10, 2026. During the annual meeting, twelve directors were elected to the company's board, including C. Wayne Alderman, Terry W. Andrus, and J. Tutt Barrett. Each nominee will serve a one-year term expiring at the 2027 annual meeting. Voting results showed each nominee received a minimum of 1,387,908 votes in favor, with 1,200,566 broker non-votes recorded for each nominee.