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

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

Auburn National Bancorporation Trading Down 0.3 %

NASDAQ AUBN opened at $23.19 on Friday. Auburn National Bancorporation has a 12 month low of $16.48 and a 12 month high of $25.25. The stock has a market cap of $81.03 million, a PE ratio of 92.76 and a beta of 0.56. The stock’s 50 day moving average is $22.28 and its 200 day moving average is $20.23.

Hedge Funds Weigh In On Auburn National Bancorporation

A number of hedge funds and other institutional investors have recently modified their holdings of AUBN. Captrust Financial Advisors bought a new stake in Auburn National Bancorporation in the 3rd quarter valued at $211,000. RBF Capital LLC purchased a new position in shares of Auburn National Bancorporation during the third quarter valued at about $229,000. Empowered Funds LLC increased its holdings 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 purchasing an additional 536 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 purchasing an additional 1,429 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its position in shares of 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 worth $650,000 after buying an additional 3,691 shares in the last quarter. Institutional investors own 39.46% of the company’s stock.

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.