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 report issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Auburn National Bancorporation Stock Performance

Shares of AUBN opened at $23.48 on Friday. Auburn National Bancorporation has a 52 week low of $16.48 and a 52 week high of $25.25. The stock has a 50 day moving average price of $22.10 and a two-hundred day moving average price of $20.08. The firm has a market capitalization of $81.93 million, a P/E ratio of 93.90 and a beta of 0.56.

Institutional Trading of Auburn National Bancorporation

Several institutional investors and hedge funds have recently made changes to their positions in AUBN. Empowered Funds LLC increased its position 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 valued at $243,000 after acquiring an additional 536 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Auburn National Bancorporation by 14.9% during 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 raised its stake in shares of 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 worth $535,000 after purchasing an additional 1,429 shares during the period. Captrust Financial Advisors bought a new stake in shares of Auburn National Bancorporation during the 3rd quarter worth $211,000. Finally, RBF Capital LLC purchased a new position in shares of Auburn National Bancorporation in the 3rd quarter worth about $229,000. Hedge funds and other institutional investors own 39.46% of the company’s stock.

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.