StockNews.com Begins Coverage on Auburn National Bancorporation (NASDAQ:AUBN)

StockNews.com began coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Auburn National Bancorporation Stock Down 1.8 %

Shares of NASDAQ:AUBN opened at $21.52 on Thursday. The company has a market capitalization of $75.10 million, a P/E ratio of 11.70 and a beta of 0.52. Auburn National Bancorporation has a 52-week low of $16.48 and a 52-week high of $25.40. The stock’s fifty day simple moving average is $22.94 and its 200-day simple moving average is $21.15.

Auburn National Bancorporation (NASDAQ:AUBN) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. Auburn National Bancorporation had a net margin of 2.43% and a return on equity of 8.20%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors purchased a new position in shares of Auburn National Bancorporation in the 3rd quarter worth about $211,000. RBF Capital LLC purchased a new position in Auburn National Bancorporation in the third quarter valued at approximately $229,000. Empowered Funds LLC grew its stake in 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 worth $243,000 after buying an additional 536 shares during the period. Geode Capital Management LLC increased its position in shares of Auburn National Bancorporation by 6.5% in the third quarter. Geode Capital Management LLC now owns 23,368 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in shares of 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 acquiring an additional 3,691 shares during the period. 39.46% of the stock is currently owned by hedge funds and other institutional investors.

About Auburn National Bancorporation

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.