StockNews.com Starts Coverage of Auburn National Bancorporation (NASDAQ:AUBN)

On December 23, 2024, StockNews.com announced that it has begun coverage of Auburn National Bancorporation (NASDAQ:AUBN), giving the financial institution's stock a "hold" rating. This marks an important update for investors and stakeholders in the company.

Current Share Performance

The shares of Auburn National Bancorporation opened at $23.19 on Friday. Over the last period, the stock has seen a fifty-day moving average priced at $22.28 and a two-hundred-day moving average at $20.25. The market capitalization of the company is approximately $81.03 million. Currently, the price-to-earnings (P/E) ratio stands at 92.76, with a beta value of 0.56. The stock has shown volatility, with a twelve-month low of $16.48 and a high of $25.25.

Investment Activities by Institutional Investors

Recently, several institutional investors have made notable moves regarding Auburn National Bancorporation stock. RBF Capital LLC entered into a new investment with a stake worth about $229,000 during the third quarter. Similarly, Captrust Financial Advisors invested approximately $211,000 for a new stake in Auburn National Bancorporation. Aptus Capital Advisors LLC increased its shareholdings by 14.9% in the third quarter, bringing their total ownership to 28,390 shares valued at $650,000 after purchasing an additional 3,691 shares in this period. Geode Capital Management LLC also expanded its position with a 6.5% increase in the same quarter, acquiring 1,429 additional shares for a total of 23,368 shares, worth $535,000. Empowered Funds LLC similarly ramped up their stake by 5.3%, now owning 10,598 shares valued at $243,000 after adding 536 more shares. Overall, institutional investors and hedge funds currently hold around 39.46% of Auburn National Bancorporation’s stock.

Overview of Auburn National Bancorporation

Auburn National Bancorporation, Inc. serves as the holding company for AuburnBank, which offers a wide range of banking services and products in East Alabama. The bank provides various checking, savings, and deposit accounts, as well as certificates of deposit. In addition, it offers commercial, financial, agricultural, real estate construction, and consumer loans among other financial services to meet the needs of its clientele.

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