LPL Financial LLC Makes New Investment in Orange County Bancorp, Inc. (NASDAQ:OBT)

LPL Financial LLC purchased a new stake in shares of Orange County Bancorp, Inc. (NASDAQ:OBT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,605 shares of the company’s stock, valued at approximately $645,000. LPL Financial LLC owned 0.10% of Orange County Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of OBT. State Street Corp grew its holdings in Orange County Bancorp by 5.7% during the third quarter. State Street Corp now owns 74,966 shares of the company’s stock worth $4,522,000 after acquiring an additional 4,060 shares during the period. Barclays PLC boosted its position in shares of Orange County Bancorp by 183.2% during the 3rd quarter. Barclays PLC now owns 7,934 shares of the company’s stock valued at $478,000 after purchasing an additional 5,132 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Orange County Bancorp by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 111,414 shares of the company’s stock worth $6,722,000 after purchasing an additional 1,649 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Orange County Bancorp by 132.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,339 shares of the company’s stock worth $503,000 after purchasing an additional 4,750 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Orange County Bancorp by 50.5% during the fourth quarter. Bank of New York Mellon Corp now owns 28,038 shares of the company’s stock valued at $1,558,000 after purchasing an additional 9,403 shares during the last quarter. Institutional investors own 42.55% of the company’s stock.

Orange County Bancorp Trading Down 0.6 %

Orange County Bancorp stock opened at $23.06 on Thursday. The firm has a market cap of $262.52 million, a price-to-earnings ratio of 9.34 and a beta of 0.46. Orange County Bancorp, Inc. has a 1 year low of $20.97 and a 1 year high of $33.06. The firm’s 50 day moving average price is $23.93 and its two-hundred day moving average price is $26.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89.

Orange County Bancorp (NASDAQ:OBT) last issued its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). Orange County Bancorp had a return on equity of 15.51% and a net margin of 19.47%. On average, research analysts predict that Orange County Bancorp, Inc. will post 2.83 EPS for the current fiscal year.

Orange County Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were given a $0.13 dividend. This is an increase from Orange County Bancorp’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Tuesday, March 4th. Orange County Bancorp’s dividend payout ratio (DPR) is 21.05%.

Orange County Bancorp Company Profile

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.