Orange County Bancorp, Inc. (NASDAQ:OBT) to Issue Quarterly Dividend of $0.20

Orange County Bancorp, Inc. (NASDAQ:OBT – Get Rating) announced a quarterly dividend on Tuesday, May 24th, Wall Street Journal reports. Investors of record on Thursday, June 2nd will be paid a dividend of 0.20 per share on Wednesday, June 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, June 1st.

Orange County Bancorp stock traded down $1.36 during midday trading on Tuesday, reaching $36.61. The stock had a trading volume of 5,158 shares, compared to its average volume of 6,044. Orange County Bancorp has a 12 month low of $32.40 and a 12 month high of $42.61. The company has a market capitalization of $206.26 million, a P/E ratio of 9.17 and a beta of 0.53. The company has a fifty day moving average price of $39.14 and a two-hundred day moving average price of $39.48.

Orange County Bancorp (NASDAQ:OBT – Get Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Orange County Bancorp had a net margin of 27.28% and a return on equity of 15.32%. On average, equities analysts expect that Orange County Bancorp will post 4.22 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Orange County Bancorp by 15.1% during the 4th quarter. BlackRock Inc. now owns 3,544 shares of the company’s stock worth $141,000 after purchasing an additional 465 shares in the last quarter. Morgan Stanley bought a new stake in Orange County Bancorp during the 3rd quarter worth approximately $179,000. Vanguard Group Inc. bought a new stake in Orange County Bancorp during the 1st quarter worth approximately $3,726,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Orange County Bancorp by 2.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 131,436 shares of the company’s stock worth $5,259,000 after purchasing an additional 2,563 shares in the last quarter. 39.40% of the stock is owned by hedge funds and other institutional investors.

About Orange County Bancorp (Get Rating)

Orange County Bancorp, Inc, through its subsidiaries, provides commercial and consumer banking products and services, and trust and wealth management services to small businesses, middle-market enterprises, local municipal governments, and affluent individuals. It accepts various deposit products, including interest-bearing and noninterest-bearing demand accounts, money market deposit accounts, savings accounts, and certificates of deposit.

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