Auburn National Bancorporation (NASDAQ:AUBN) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Auburn National Bancorporation Trading Up 0.3 %

Shares of AUBN stock opened at $23.92 on Friday. Auburn National Bancorporation has a 12-month low of $16.48 and a 12-month high of $25.40. The business’s 50 day moving average is $22.54 and its two-hundred day moving average is $20.41. The company has a market capitalization of $83.58 million, a P/E ratio of 95.68 and a beta of 0.56.

Hedge Funds Weigh In On Auburn National Bancorporation

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of Auburn National Bancorporation by 5.3% during the third quarter. Empowered Funds LLC now owns 10,598 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 536 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Auburn National Bancorporation by 6.5% during the third quarter. Geode Capital Management LLC now owns 23,368 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 1,429 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Auburn National Bancorporation by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 28,390 shares of the financial services provider’s stock valued at $650,000 after purchasing an additional 3,691 shares during the last quarter. Captrust Financial Advisors purchased a new position in Auburn National Bancorporation in the 3rd quarter valued at $211,000. Finally, RBF Capital LLC acquired a new stake in Auburn National Bancorporation during the 3rd quarter worth $229,000. 39.46% of the stock is currently owned by institutional investors and hedge funds.

Auburn National Bancorporation Company Profile

Auburn National Bancorporation, Inc operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama. The company offers checking, savings, and transaction deposit accounts, as well as certificates of deposit. It also provides commercial, financial, agricultural, real estate construction, and consumer loan products; and other financial services.