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

Research analysts at StockNews.com assumed coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a research note issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Auburn National Bancorporation Stock Performance

AUBN opened at $23.05 on Monday. The stock has a market capitalization of $80.54 million, a PE ratio of 92.20 and a beta of 0.52. The stock’s 50 day moving average price is $22.86 and its 200-day moving average price is $20.66. Auburn National Bancorporation has a 52-week low of $16.48 and a 52-week high of $25.40.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AUBN. Captrust Financial Advisors purchased a new position in shares of Auburn National Bancorporation during the third quarter valued at about $211,000. RBF Capital LLC bought a new stake in Auburn National Bancorporation during the 3rd quarter valued at approximately $229,000. Empowered Funds LLC grew its holdings in shares of Auburn National Bancorporation by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 10,598 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 536 shares during the period. Geode Capital Management LLC grew its holdings 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 acquiring an additional 1,429 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in shares of Auburn National Bancorporation by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 28,390 shares of the financial services provider’s stock worth $650,000 after acquiring an additional 3,691 shares in 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.