Orange County Bancorp, Inc. (NASDAQ:OBT – Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 24,100 shares, a decline of 15.1% from the March 31st total of 28,400 shares. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is presently 3.4 days. Currently, 0.5% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Orange County Bancorp by 76.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 543 shares of the company’s stock worth $33,000 after buying an additional 236 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Orange County Bancorp in the 3rd quarter worth approximately $60,000. SG Americas Securities LLC acquired a new position in shares of Orange County Bancorp in the 3rd quarter worth approximately $100,000. First Horizon Advisors Inc. purchased a new position in shares of Orange County Bancorp during the 3rd quarter worth approximately $108,000. Finally, Coombe Bender & Co LLC increased its holdings in Orange County Bancorp by 12.8% in the 4th quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock valued at $790,000 after purchasing an additional 1,488 shares during the last quarter. 42.55% of the stock is currently owned by institutional investors and hedge funds.
Orange County Bancorp Stock Up 2.0 %
Shares of NASDAQ:OBT opened at $44.88 on Monday. Orange County Bancorp has a 52-week low of $26.88 and a 52-week high of $64.01. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average of $45.52 and a two-hundred day moving average of $47.84. The stock has a market cap of $254.02 million, a P/E ratio of 8.58 and a beta of 0.25.
Orange County Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.05%. Orange County Bancorp’s dividend payout ratio is currently 17.59%.
About Orange County Bancorp
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 individuals. It accepts various deposits, including interest-bearing and noninterest-bearing demand accounts, money market deposit accounts, savings accounts, and certificates of deposit.
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