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

On Wednesday, StockNews.com announced the initiation of coverage for Auburn National Bancorporation (NASDAQ:AUBN – Get Free Report) in a note released to investors. The brokerage has assigned a hold rating to the financial services company's stock.

Auburn National Bancorporation Stock Performance

The price of AUBN shares opened at $20.83 on Wednesday. The company holds a market capitalization of $72.76 million. It has a PE ratio of 11.32, indicating its earnings potential, and a beta of 0.56, which reflects its stock volatility compared to the market. Currently, the firm has a 50-day moving average price of $21.43 and a 200-day moving average price of $21.81. The shares have seen a 52-week low of $16.48 and a 52-week high of $25.40, suggesting fluctuations in market interest.

Auburn National Bancorporation recently published its quarterly earnings results on January 28th, where it reported earnings per share (EPS) of $0.45. The company has a net margin of 2.43% and a return on equity (ROE) of 8.20%, reflecting its profitability and efficiency in using shareholders' equity.

Actions of Institutional Investors on Auburn National Bancorporation

In recent months, several hedge funds and institutional investors have made adjustments to their positions in Auburn National Bancorporation. Dimensional Fund Advisors LP has increased its stake in the company by 1.3% during the fourth quarter, acquiring a total of 39,624 shares, valued at approximately $931,000 after purchasing an additional 523 shares. Empowered Funds LLC has also raised its holdings by 5.3% in the third quarter, bringing its total ownership to 10,598 shares worth about $243,000, following an additional purchase of 536 shares.

Bridgeway Capital Management LLC expanded its stake by 1.9% in the last quarter, resulting in ownership of 30,670 shares valued at around $720,000 after acquiring 572 shares. Similarly, Geode Capital Management LLC increased its holdings by 6.5%, now owning 23,368 shares worth approximately $535,000 after purchasing an additional 1,429 shares. Lastly, Captrust Financial Advisors entered a new position in Auburn National Bancorporation during the third quarter, with an investment valued around $211,000. Overall, institutional investors hold approximately 39.46% of the total shares.

Overview of Auburn National Bancorporation

Auburn National Bancorporation, Inc serves as the bank holding company for AuburnBank, offering a variety of banking products and services across East Alabama. It provides checking, savings, and transaction deposit accounts, in addition to certificates of deposit. The company also extends commercial, financial, agricultural, real estate construction, and consumer loan products, along with other financial services.

Auburn, National, Bancorporation