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

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

Auburn National Bancorporation Stock Down 0.8 %

Auburn National Bancorporation stock opened at $20.84 on Tuesday. The company’s 50 day moving average price is $21.61 and its two-hundred day moving average price is $21.72. The stock has a market cap of $72.81 million, a P/E ratio of 11.33 and a beta of 0.56. Auburn National Bancorporation has a 52 week low of $16.48 and a 52 week high of $25.40.

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

Hedge Funds Weigh In On Auburn National Bancorporation

Large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Auburn National Bancorporation by 6.5% during the 3rd 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 during the last quarter. Captrust Financial Advisors purchased a new position in shares of Auburn National Bancorporation in the 3rd quarter valued at approximately $211,000. Empowered Funds LLC boosted its holdings in shares of Auburn National Bancorporation by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 10,598 shares of the financial services provider’s stock valued at $243,000 after buying an additional 536 shares in the last quarter. Aptus Capital Advisors LLC grew 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 worth $650,000 after buying an additional 3,691 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in shares of Auburn National Bancorporation during the fourth quarter valued at $272,000. 39.46% of the stock is 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.