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

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

Auburn National Bancorporation Trading Up 1.7 %

Shares of NASDAQ:AUBN opened at $23.40 on Thursday. The firm has a 50 day simple moving average of $21.98 and a 200-day simple moving average of $19.92. Auburn National Bancorporation has a twelve month low of $16.48 and a twelve month high of $25.25. The company has a market capitalization of $81.67 million, a PE ratio of 93.60 and a beta of 0.56.

Institutional Investors Weigh In On Auburn National Bancorporation

Large investors have recently modified their holdings of the company. RBF Capital LLC purchased a new position in shares of Auburn National Bancorporation during the third quarter worth about $229,000. Captrust Financial Advisors acquired a new stake in Auburn National Bancorporation during the 3rd quarter worth approximately $211,000. Aptus Capital Advisors LLC grew its stake 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 valued at $650,000 after purchasing an additional 3,691 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 valued at $535,000 after purchasing an additional 1,429 shares during the period. Finally, Empowered Funds LLC raised its stake 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 last quarter. 39.46% of the stock is owned by institutional investors and hedge funds.

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.