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

StockNews.com began coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the financial services provider’s stock.

Auburn National Bancorporation Stock Up 5.1 %

AUBN stock opened at $21.75 on Wednesday. The firm has a market cap of $75.99 million, a PE ratio of 11.82 and a beta of 0.56. The business has a 50 day moving average of $21.35 and a 200-day moving average of $21.82. Auburn National Bancorporation has a 12-month low of $16.48 and a 12-month high of $25.40.

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

Auburn National Bancorporation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, March 10th. Auburn National Bancorporation’s payout ratio is currently 58.70%.

Hedge Funds Weigh In On Auburn National Bancorporation

A number of large investors have recently made changes to their positions in AUBN. Dimensional Fund Advisors LP raised its position in shares of Auburn National Bancorporation by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 39,624 shares of the financial services provider’s stock worth $931,000 after buying an additional 523 shares in the last quarter. Empowered Funds LLC raised its position in shares of Auburn National Bancorporation by 5.3% in 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 in the last quarter. Bridgeway Capital Management LLC raised its position in shares of Auburn National Bancorporation by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider’s stock worth $720,000 after buying an additional 572 shares in the last quarter. Geode Capital Management LLC raised its position in 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 valued at $535,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Auburn National Bancorporation during the third quarter valued at about $211,000. 39.46% of the stock is owned by 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.