Auburn National Bancorporation (NASDAQ:AUBN) Coverage Initiated at StockNews.com

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

Auburn National Bancorporation Stock Up 1.4 %

Shares of Auburn National Bancorporation stock opened at $21.65 on Thursday. Auburn National Bancorporation has a 12 month low of $16.48 and a 12 month high of $25.40. The business has a fifty day simple moving average of $21.31 and a 200 day simple moving average of $21.88. The stock has a market cap of $75.65 million, a PE ratio of 11.77 and a beta of 0.56.

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

Auburn National Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.99%. The ex-dividend date was Monday, March 10th. Auburn National Bancorporation’s payout ratio is presently 58.70%.

Institutional Investors Weigh In On Auburn National Bancorporation

Several large investors have recently modified their holdings of AUBN. Wealthedge Investment Advisors LLC acquired a new position in shares of Auburn National Bancorporation in the 4th quarter valued at approximately $272,000. Bridgeway Capital Management LLC lifted its stake in Auburn National Bancorporation by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider’s stock valued at $720,000 after buying an additional 572 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Auburn National Bancorporation by 1.3% in the fourth 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 period. Fourthstone LLC acquired a new position in Auburn National Bancorporation in the 4th quarter worth $870,000. Finally, LPL Financial LLC bought a new position in Auburn National Bancorporation during the 4th quarter worth about $461,000. 39.46% of the stock is currently owned by institutional investors.

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.