Auburn National Bancorporation (NASDAQ:AUBN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.24 and traded as high as $21.74. Auburn National Bancorporation shares last traded at $21.11, with a volume of 5,488 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Auburn National Bancorporation in a report on Friday. They set a “hold” rating on the stock.

Auburn National Bancorporation Price Performance

The firm has a market capitalization of $76.52 million, a price-to-earnings ratio of 11.92 and a beta of 0.52. The stock has a fifty day moving average of $22.70 and a two-hundred day moving average of $21.26.

Auburn National Bancorporation (NASDAQ:AUBN) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.45 earnings per share for the quarter. Auburn National Bancorporation had a return on equity of 8.20% and a net margin of 2.43%.

Institutional Trading of Auburn National Bancorporation

A number of large investors have recently bought and sold shares of AUBN. RBF Capital LLC bought a new stake in shares of Auburn National Bancorporation during the 3rd quarter valued at about $229,000. Captrust Financial Advisors bought a new position in shares of Auburn National Bancorporation during the 3rd quarter worth approximately $211,000. Aptus Capital Advisors LLC boosted its holdings in shares of Auburn National Bancorporation by 14.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 28,390 shares of the financial services provider’s stock worth $650,000 after buying an additional 3,691 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Auburn National Bancorporation by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,368 shares of the financial services provider’s stock worth $535,000 after buying an additional 1,429 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Auburn National Bancorporation by 5.4% in the 4th quarter. Empowered Funds LLC now owns 11,170 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 572 shares in the last quarter. 39.46% of the stock is currently owned by institutional investors and hedge funds.

About Auburn National Bancorporation

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.