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

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

Auburn National Bancorporation Stock Down 1.2 %

Shares of NASDAQ AUBN opened at $21.24 on Friday. Auburn National Bancorporation has a 52-week low of $16.48 and a 52-week high of $25.40. The firm’s 50-day moving average price is $21.17 and its two-hundred day moving average price is $21.95. The stock has a market capitalization of $74.21 million, a P/E ratio of 11.54 and a beta of 0.56.

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

Institutional Investors Weigh In On Auburn National Bancorporation

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthedge Investment Advisors LLC acquired a new position in shares of Auburn National Bancorporation during the fourth quarter worth approximately $272,000. Bridgeway Capital Management LLC raised its position in Auburn National Bancorporation by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 572 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Auburn National Bancorporation by 1.3% during the 4th 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. Fourthstone LLC acquired a new position in shares of Auburn National Bancorporation during the fourth quarter valued at $870,000. Finally, LPL Financial LLC bought a new position in Auburn National Bancorporation in the fourth quarter valued at about $461,000. 39.46% of the stock is 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.