Auburn National Bancorporation (NASDAQ:AUBN) Upgraded to Hold at ValuEngine

Auburn National Bancorporation (NASDAQ:AUBN) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

Auburn National Bancorporation stock opened at $42.50 on Tuesday. The firm has a market cap of $152.80 million, a price-to-earnings ratio of 16.34 and a beta of 0.39. Auburn National Bancorporation has a 1 year low of $27.94 and a 1 year high of $47.51. The firm’s 50 day moving average price is $43.34 and its two-hundred day moving average price is $38.32.

Auburn National Bancorporation (NASDAQ:AUBN) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $7.56 million for the quarter. Auburn National Bancorporation had a net margin of 27.30% and a return on equity of 10.35%.

A number of institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in Auburn National Bancorporation by 522.4% during the 2nd quarter. Morgan Stanley now owns 2,309 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,938 shares in the last quarter. Stevens First Principles Investment Advisors grew its position in Auburn National Bancorporation by 19.4% during the 2nd quarter. Stevens First Principles Investment Advisors now owns 2,520 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 410 shares in the last quarter. Banc Funds Co. LLC purchased a new position in Auburn National Bancorporation during the 2nd quarter worth approximately $101,000. Castine Capital Management LLC purchased a new position in Auburn National Bancorporation during the 2nd quarter worth approximately $313,000. Finally, Paloma Partners Management Co purchased a new position in Auburn National Bancorporation during the 2nd quarter worth approximately $352,000. Hedge funds and other institutional investors own 8.57% 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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