Auburn National Bancorporation (AUBN) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Auburn National Bancorporation (NASDAQ:AUBN) from a sell rating to a hold rating in a research note released on Friday, ValuEngine reports.

Auburn National Bancorporation stock opened at $37.54 on Friday. Auburn National Bancorporation has a one year low of $27.94 and a one year high of $53.96. The stock has a market capitalization of $130.78 million, a price-to-earnings ratio of 14.80 and a beta of 0.34.

Auburn National Bancorporation (NASDAQ:AUBN) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.70 EPS for the quarter. Auburn National Bancorporation had a return on equity of 10.59% and a net margin of 27.12%. The company had revenue of $7.78 million during the quarter.

A number of institutional investors have recently added to or reduced their stakes in the business. Lincoln National Corp raised its stake in Auburn National Bancorporation by 3.3% in the fourth quarter. Lincoln National Corp now owns 18,830 shares of the financial services provider’s stock valued at $596,000 after buying an additional 600 shares during the last quarter. NJ State Employees Deferred Compensation Plan raised its stake in Auburn National Bancorporation by 9.1% in the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the financial services provider’s stock valued at $380,000 after buying an additional 1,000 shares during the last quarter. Stevens First Principles Investment Advisors raised its stake in Auburn National Bancorporation by 111.0% in the first quarter. Stevens First Principles Investment Advisors now owns 2,110 shares of the financial services provider’s stock valued at $83,000 after buying an additional 1,110 shares during the last quarter. Bank of America Corp DE raised its stake in Auburn National Bancorporation by 63.3% in the fourth quarter. Bank of America Corp DE now owns 3,103 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,203 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Auburn National Bancorporation by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 13,377 shares of the financial services provider’s stock valued at $423,000 after buying an additional 1,212 shares during the last quarter. Institutional investors own 12.00% of the company’s stock.

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's deposit products include 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; residential mortgage lending services; and other financial services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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