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

StockNews.com initiated coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a research note released on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Auburn National Bancorporation Stock Down 2.0 %

NASDAQ:AUBN opened at $22.70 on Monday. The firm’s fifty day simple moving average is $22.84 and its 200-day simple moving average is $20.62. Auburn National Bancorporation has a fifty-two week low of $16.48 and a fifty-two week high of $25.40. The stock has a market cap of $79.31 million, a PE ratio of 90.80 and a beta of 0.52.

Hedge Funds Weigh In On Auburn National Bancorporation

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RBF Capital LLC purchased a new position in shares of Auburn National Bancorporation in the third quarter valued at $229,000. Captrust Financial Advisors purchased a new stake in shares of Auburn National Bancorporation in the 3rd quarter worth about $211,000. Aptus Capital Advisors LLC grew its stake in 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 acquiring an additional 3,691 shares during the last quarter. Geode Capital Management LLC increased its holdings in Auburn National Bancorporation by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,368 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Empowered Funds LLC raised 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 acquiring 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.