Auburn National Bancorporation (NASDAQ:AUBN) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Auburn National Bancorporation Stock Down 0.3 %

Shares of AUBN opened at $23.19 on Friday. The company has a market capitalization of $81.03 million, a price-to-earnings ratio of 92.76 and a beta of 0.56. 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 $22.28 and a 200 day moving average price of $20.24.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new position in Auburn National Bancorporation in the third quarter valued at $211,000. RBF Capital LLC purchased a new stake in shares of Auburn National Bancorporation in the 3rd quarter valued at about $229,000. Empowered Funds LLC boosted its position in shares of Auburn National Bancorporation by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 10,598 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 536 shares during the period. Geode Capital Management LLC grew its stake 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 worth $535,000 after buying an additional 1,429 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in 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 worth $650,000 after buying an additional 3,691 shares during the last quarter. 39.46% of the stock is owned by hedge funds and other 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.