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

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

Auburn National Bancorporation Price Performance

NASDAQ AUBN opened at $21.24 on Friday. The firm’s fifty day moving average price is $21.17 and its 200 day moving average price is $21.97. Auburn National Bancorporation has a 12 month low of $16.48 and a 12 month high of $25.40. The company has a market capitalization of $74.21 million, a price-to-earnings ratio of 11.54 and a beta of 0.35.

Auburn National Bancorporation (NASDAQ:AUBN) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. Auburn National Bancorporation had a net margin of 2.43% and a return on equity of 8.20%.

Auburn National Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Monday, March 10th. Auburn National Bancorporation’s dividend payout ratio is currently 58.70%.

Hedge Funds Weigh In On Auburn National Bancorporation

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Auburn National Bancorporation by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 39,624 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 523 shares during the last quarter. Fourthstone LLC acquired a new position in Auburn National Bancorporation in the fourth quarter valued at $870,000. Bridgeway Capital Management LLC increased its stake in Auburn National Bancorporation by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 572 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $535,000 after buying an additional 1,429 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Auburn National Bancorporation during the fourth quarter worth about $461,000. 39.46% of the stock is currently owned by hedge funds and other institutional investors.

Auburn National Bancorporation Company Profile

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.