Auburn National Bancorporation (NASDAQ:AUBN) Earns Hold Rating from Analysts at StockNews.com

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

Auburn National Bancorporation Trading Up 2.8 %

Auburn National Bancorporation stock opened at $20.94 on Tuesday. The company has a fifty day simple moving average of $21.56 and a 200 day simple moving average of $21.71. Auburn National Bancorporation has a 1-year low of $16.48 and a 1-year high of $25.40. The company has a market cap of $73.16 million, a P/E ratio of 11.38 and a beta of 0.56.

Auburn National Bancorporation (NASDAQ:AUBN) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.45 earnings per share 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Monday, March 10th. Auburn National Bancorporation’s payout ratio is presently 58.70%.

Hedge Funds Weigh In On Auburn National Bancorporation

A number of institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in Auburn National Bancorporation in the 3rd quarter valued at about $211,000. RBF Capital LLC bought a new stake in Auburn National Bancorporation in the third quarter valued at approximately $229,000. Empowered Funds LLC raised its stake in Auburn National Bancorporation by 5.3% in the third quarter. Empowered Funds LLC now owns 10,598 shares of the financial services provider’s stock valued at $243,000 after buying an additional 536 shares during the period. Wealthedge Investment Advisors LLC bought a new position in shares of Auburn National Bancorporation during the 4th quarter worth approximately $272,000. Finally, LPL Financial LLC acquired a new position in shares of Auburn National Bancorporation during the 4th quarter worth approximately $461,000. 39.46% of the stock is currently 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.