Wall Street Zen Begins Coverage on Auburn National Bancorporation (NASDAQ:AUBN)

Investment analysts at Wall Street Zen began coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN) in a report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Auburn National Bancorporation Price Performance

NASDAQ:AUBN opened at $20.95 on Thursday. The business has a fifty day simple moving average of $20.47 and a two-hundred day simple moving average of $21.59. Auburn National Bancorporation has a 1 year low of $16.48 and a 1 year high of $25.40. The company has a market capitalization of $73.20 million, a P/E ratio of 11.39 and a beta of 0.36.

Auburn National Bancorporation (NASDAQ:AUBN) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.44 EPS for the quarter. Auburn National Bancorporation had a return on equity of 8.20% and a net margin of 2.43%. The firm had revenue of $7.79 million during the quarter.

Institutional Investors Weigh In On Auburn National Bancorporation

A number of large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Auburn National Bancorporation by 8.4% during the first quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 935 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new stake in shares of Auburn National Bancorporation in the 4th quarter valued at about $272,000. Bridgeway Capital Management LLC increased its holdings in Auburn National Bancorporation by 1.9% during the 4th 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. Dimensional Fund Advisors LP increased its holdings in Auburn National Bancorporation by 1.3% during 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 period. Finally, Fourthstone LLC purchased a new position in Auburn National Bancorporation during the 4th quarter valued at about $870,000. Hedge funds and other 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.