Auburn National Bancorporation (AUBN) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Auburn National Bancorporation (NASDAQ:AUBN) from a hold rating to a sell rating in a research note published on Thursday morning.

Auburn National Bancorporation stock opened at $35.91 on Thursday. The firm has a market cap of $130.85 million, a PE ratio of 15.22 and a beta of 0.07. Auburn National Bancorporation has a 12-month low of $35.05 and a 12-month high of $53.96.

Auburn National Bancorporation (NASDAQ:AUBN) last released its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $7.21 million during the quarter. Auburn National Bancorporation had a net margin of 25.65% and a return on equity of 10.09%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.96 annualized dividend and a dividend yield of 2.67%.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its position in shares of Auburn National Bancorporation by 19.7% during the 3rd quarter. Vanguard Group Inc now owns 17,487 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 2,873 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Auburn National Bancorporation by 19.7% during the 3rd quarter. Vanguard Group Inc. now owns 17,487 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 2,873 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Auburn National Bancorporation during the 3rd quarter worth $211,000. BlackRock Inc. lifted its position in shares of Auburn National Bancorporation by 3.7% during the 3rd quarter. BlackRock Inc. now owns 104,541 shares of the financial services provider’s stock worth $4,006,000 after purchasing an additional 3,717 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Auburn National Bancorporation during the 3rd quarter worth $206,000. 12.23% 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'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.

Further Reading: How to invest in a bear market

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

Receive News & Ratings for Auburn National Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auburn National Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit