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

StockNews.com assumed coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a research report report published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Auburn National Bancorporation Trading Down 1.2 %

AUBN opened at $21.24 on Friday. Auburn National Bancorporation has a 12 month low of $16.48 and a 12 month high of $25.40. The stock has a fifty day moving average price of $21.17 and a 200-day moving average price of $21.94. The firm has a market cap of $74.21 million, a price-to-earnings ratio of 11.54 and a beta of 0.56.

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

Auburn National Bancorporation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.08 annualized dividend and a dividend yield of 5.08%. Auburn National Bancorporation’s dividend payout ratio is presently 58.70%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new stake in Auburn National Bancorporation during the 3rd quarter worth approximately $211,000. RBF Capital LLC acquired a new stake in shares of Auburn National Bancorporation during the third quarter worth $229,000. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 1,429 shares during the last quarter. Empowered Funds LLC increased its position in shares of Auburn National Bancorporation by 5.4% in the 4th quarter. Empowered Funds LLC now owns 11,170 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 572 shares during the period. Finally, LPL Financial LLC purchased a new position in Auburn National Bancorporation in the 4th quarter worth $461,000. 39.46% of the stock is owned by institutional investors and hedge funds.

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.