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

StockNews.com initiated coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN - Free Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the financial services provider's stock.

Auburn National Bancorporation Trading Down 2.5 %

NASDAQ:AUBN traded down $0.54 during mid-day trading on Tuesday, hitting $20.82. The stock had a trading volume of 402 shares, compared to its average volume of 3,327. The company has a 50 day simple moving average of $21.56 and a 200-day simple moving average of $21.71. The stock has a market capitalization of $72.75 million, a price-to-earnings ratio of 11.32 and a beta of 0.56. Auburn National Bancorporation has a 52 week low of $16.48 and a 52 week high of $25.40.

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

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Auburn National Bancorporation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Monday, March 10th. Auburn National Bancorporation's dividend payout ratio (DPR) is 58.70%.

Institutional Investors Weigh In On Auburn National Bancorporation

Several institutional investors have recently bought and sold shares of AUBN. Fourthstone LLC bought a new stake in shares of Auburn National Bancorporation during the 4th quarter worth about $870,000. LPL Financial LLC acquired a new position in shares of Auburn National Bancorporation during the fourth quarter valued at approximately $461,000. Wealthedge Investment Advisors LLC bought a new stake in Auburn National Bancorporation during the fourth quarter worth approximately $272,000. RBF Capital LLC acquired a new stake in Auburn National Bancorporation in the third quarter worth approximately $229,000. Finally, Captrust Financial Advisors acquired a new stake in Auburn National Bancorporation in the third quarter worth approximately $211,000. Institutional investors and hedge funds 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.