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

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

Auburn National Bancorporation Price Performance

Shares of AUBN opened at $21.40 on Thursday. Auburn National Bancorporation has a 1-year low of $16.48 and a 1-year high of $25.40. The stock has a market cap of $74.79 million, a PE ratio of 11.63 and a beta of 0.56. The firm has a fifty day moving average price of $21.31 and a 200 day moving average price of $21.88.

Auburn National Bancorporation (NASDAQ:AUBN) last released 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%.

Hedge Funds Weigh In On Auburn National Bancorporation

Several institutional investors have recently added to or reduced their stakes in AUBN. Wealthedge Investment Advisors LLC purchased a new position in shares of Auburn National Bancorporation in the 4th quarter valued at approximately $272,000. Bridgeway Capital Management LLC lifted its holdings in shares of Auburn National Bancorporation by 1.9% during the fourth 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 period. Dimensional Fund Advisors LP grew its position in Auburn National Bancorporation by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 39,624 shares of the financial services provider’s stock valued at $931,000 after buying an additional 523 shares during the last quarter. Fourthstone LLC acquired a new position in Auburn National Bancorporation in the 4th quarter valued at $870,000. Finally, LPL Financial LLC purchased a new position in Auburn National Bancorporation during the 4th quarter worth $461,000. Institutional investors and hedge funds 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.