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

Wall Street Zen initiated coverage on shares of Auburn National Bancorporation (NASDAQ:AUBN - Free Report) in a report released on Thursday. The brokerage issued a hold rating on the financial services provider's stock.

Auburn National Bancorporation Trading Down 2.4%

AUBN stock traded down $0.50 during mid-day trading on Thursday, hitting $20.45. 4,903 shares of the company were exchanged, compared to its average volume of 4,079. The company has a market capitalization of $71.45 million, a PE ratio of 11.11 and a beta of 0.36. Auburn National Bancorporation has a twelve month low of $16.48 and a twelve month high of $25.40. The firm has a fifty day simple moving average of $20.46 and a 200 day simple moving average of $21.57.

Auburn National Bancorporation (NASDAQ:AUBN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.44 earnings per share for the quarter. The company had revenue of $7.79 million during the quarter. Auburn National Bancorporation had a net margin of 2.43% and a return on equity of 8.20%.

Auburn National Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Tuesday, June 10th. Auburn National Bancorporation's dividend payout ratio is currently 57.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 523 shares during the period. Fourthstone LLC acquired a new position in shares of Auburn National Bancorporation in the 4th quarter valued at about $870,000. Bridgeway Capital Management LLC boosted its holdings in shares of Auburn National Bancorporation by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 30,670 shares of the financial services provider's stock valued at $720,000 after buying an additional 572 shares during the period. LPL Financial LLC acquired a new position in shares of Auburn National Bancorporation in the 4th quarter valued at about $461,000. Finally, Empowered Funds LLC boosted its holdings in shares of Auburn National Bancorporation by 8.4% in the 1st quarter. Empowered Funds LLC now owns 12,105 shares of the financial services provider's stock valued at $261,000 after buying an additional 935 shares during the period. 39.46% of the stock is owned by institutional investors and hedge funds.

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.