Auburn National Bancorporation (NASDAQ:AUBN) Earns Hold Rating from Analysts at StockNews.com

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

Auburn National Bancorporation Stock Performance

Shares of AUBN opened at $23.00 on Friday. Auburn National Bancorporation has a fifty-two week low of $16.48 and a fifty-two week high of $25.25. The firm has a market cap of $80.36 million, a price-to-earnings ratio of 92.00 and a beta of 0.56. The firm has a 50 day moving average price of $22.05 and a 200-day moving average price of $20.03.

Institutional Investors Weigh In On Auburn National Bancorporation

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake 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 buying an additional 1,429 shares during the period. RBF Capital LLC purchased a new position in shares of Auburn National Bancorporation in the third quarter valued at about $229,000. Captrust Financial Advisors bought a new position in shares of Auburn National Bancorporation during the third quarter valued at about $211,000. Empowered Funds LLC boosted its holdings in shares of Auburn National Bancorporation by 5.3% during 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 period. Finally, Aptus Capital Advisors LLC grew its position 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. Institutional investors own 39.46% of the company’s stock.

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.