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

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

Auburn National Bancorporation Price Performance

AUBN opened at $21.06 on Friday. The firm has a market capitalization of $73.50 million, a P/E ratio of 11.45 and a beta of 0.52. Auburn National Bancorporation has a one year low of $16.48 and a one year high of $25.40. The company has a fifty day moving average price of $22.14 and a 200-day moving average price of $21.51.

Auburn National Bancorporation (NASDAQ:AUBN) last posted its 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date is Monday, March 10th. Auburn National Bancorporation’s dividend payout ratio is currently 58.70%.

Institutional Investors Weigh In On Auburn National Bancorporation

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Auburn National Bancorporation by 1.3% during the 4th 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 in the last quarter. Fourthstone LLC bought a new position in Auburn National Bancorporation in the fourth quarter valued at $870,000. Bridgeway Capital Management LLC raised its position in Auburn National Bancorporation by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 572 shares in the last quarter. Aptus Capital Advisors LLC raised its position in Auburn National Bancorporation by 14.9% during the third 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 purchasing an additional 1,429 shares during the last quarter. 39.46% of the stock is currently owned by institutional investors.

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.