Auburn National Bancorporation (NASDAQ:AUBN) Now Covered by StockNews.com

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

Auburn National Bancorporation Stock Performance

Shares of NASDAQ:AUBN opened at $20.80 on Wednesday. The company has a market cap of $72.68 million, a P/E ratio of 11.30 and a beta of 0.56. The stock’s 50-day moving average is $21.40 and its 200-day moving average is $21.80. Auburn National Bancorporation has a 52-week low of $16.48 and a 52-week high of $25.40.

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

Auburn National Bancorporation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Monday, March 10th. Auburn National Bancorporation’s dividend payout ratio (DPR) is presently 58.70%.

Institutional Investors Weigh In On Auburn National Bancorporation

A number of institutional investors have recently added to or reduced their stakes in AUBN. Empowered Funds LLC grew its position in 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 buying an additional 536 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Auburn National Bancorporation during the third quarter worth about $211,000. RBF Capital LLC acquired a new stake in Auburn National Bancorporation during the third quarter worth about $229,000. Geode Capital Management LLC grew its position in 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 worth $535,000 after buying an additional 1,429 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Auburn National Bancorporation during the fourth quarter worth about $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.