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

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

Shares of NASDAQ:AUBN opened at $35.91 on Thursday. Auburn National Bancorporation has a one year low of $35.05 and a one year high of $53.96. The stock has a market capitalization of $130.85 million, a PE ratio of 15.22 and a beta of 0.07.

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

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

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Auburn National Bancorporation by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 30,558 shares of the financial services provider’s stock worth $1,516,000 after acquiring an additional 1,611 shares during the period. Vanguard Group Inc increased its stake in shares of Auburn National Bancorporation by 19.7% during the third quarter. Vanguard Group Inc now owns 17,487 shares of the financial services provider’s stock worth $670,000 after acquiring an additional 2,873 shares during the period. Vanguard Group Inc. increased its stake in shares of Auburn National Bancorporation by 19.7% during the third quarter. Vanguard Group Inc. now owns 17,487 shares of the financial services provider’s stock worth $670,000 after acquiring an additional 2,873 shares during the period. BlackRock Inc. increased its stake in shares of Auburn National Bancorporation by 3.7% during the third quarter. BlackRock Inc. now owns 104,541 shares of the financial services provider’s stock worth $4,006,000 after acquiring an additional 3,717 shares during the period. Finally, NJ State Employees Deferred Compensation Plan increased its stake in shares of Auburn National Bancorporation by 57.1% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 11,000 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 12.23% of the company’s stock.

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'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: Diversification Important in Investing

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

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