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

Research analysts at StockNews.com began coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Auburn National Bancorporation Price Performance

Auburn National Bancorporation stock traded down $0.06 during mid-day trading on Wednesday, reaching $23.60. 910 shares of the stock traded hands, compared to its average volume of 4,330. The stock has a market capitalization of $82.36 million, a PE ratio of 94.40 and a beta of 0.55. Auburn National Bancorporation has a 12-month low of $16.48 and a 12-month high of $25.25. The business’s 50-day moving average is $21.89 and its 200-day moving average is $19.72.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in shares of 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 worth $243,000 after buying an additional 536 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Auburn National Bancorporation by 14.9% in the third 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 period. Geode Capital Management LLC raised its stake in shares of Auburn National Bancorporation by 6.5% in the third 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 period. Captrust Financial Advisors bought a new position in shares of Auburn National Bancorporation in the third quarter worth about $211,000. Finally, RBF Capital LLC bought a new position in shares of Auburn National Bancorporation in the third quarter worth about $229,000. Institutional investors own 39.46% of the company’s stock.

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.