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

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

Auburn National Bancorporation Price Performance

Shares of Auburn National Bancorporation stock opened at $22.58 on Wednesday. The stock has a market cap of $78.80 million, a price-to-earnings ratio of 90.32 and a beta of 0.52. The firm’s 50-day moving average is $23.01 and its two-hundred day moving average is $21.04. Auburn National Bancorporation has a 1 year low of $16.48 and a 1 year high of $25.40.

Auburn National Bancorporation (NASDAQ:AUBN) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. Auburn National Bancorporation had a net margin of 2.43% and a return on equity of 1.10%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in Auburn National Bancorporation in the third quarter valued at about $211,000. RBF Capital LLC purchased a new position in shares of Auburn National Bancorporation in the 3rd quarter worth approximately $229,000. Empowered Funds LLC raised its stake 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 worth $243,000 after acquiring an additional 536 shares in the last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 1,429 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in Auburn National Bancorporation by 14.9% in the third 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 in the last quarter. 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.