Orange County Bancorp, Inc. (NASDAQ:OBT) Short Interest Update

Orange County Bancorp, Inc. (NASDAQ:OBT) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 28,400 shares, a decrease of 17.4% from the March 15th total of 34,400 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is presently 3.8 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of Orange County Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in OBT. BlackRock Inc. lifted its position in Orange County Bancorp by 268.2% in the 1st quarter. BlackRock Inc. now owns 13,048 shares of the company’s stock valued at $522,000 after acquiring an additional 9,504 shares in the last quarter. Vanguard Group Inc. bought a new position in Orange County Bancorp in the 1st quarter valued at approximately $3,726,000. The Manufacturers Life Insurance Company lifted its position in Orange County Bancorp by 2.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 131,436 shares of the company’s stock valued at $5,259,000 after acquiring an additional 2,563 shares in the last quarter. UBS Group AG bought a new position in Orange County Bancorp in the 3rd quarter valued at approximately $54,000. Finally, Alliancebernstein L.P. lifted its position in Orange County Bancorp by 1.2% in the 3rd quarter. Alliancebernstein L.P. now owns 244,246 shares of the company’s stock valued at $9,403,000 after acquiring an additional 2,914 shares in the last quarter. Hedge funds and other institutional investors own 42.55% of the company’s stock.

Orange County Bancorp Stock Performance

Orange County Bancorp stock opened at $46.11 on Monday. 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 company has a market capitalization of $260.98 million, a P/E ratio of 8.82 and a beta of 0.25. The stock’s 50 day moving average is $45.66 and its 200 day moving average is $47.74. Orange County Bancorp has a twelve month low of $26.88 and a twelve month high of $64.01.

Orange County Bancorp (NASDAQ:OBT) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. The company had revenue of $25.89 million for the quarter, compared to the consensus estimate of $24.60 million. Orange County Bancorp had a return on equity of 22.06% and a net margin of 22.47%. On average, equities research analysts predict that Orange County Bancorp will post 5.49 earnings per share for the current fiscal year.

Orange County Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.92 annualized dividend and a dividend yield of 2.00%. Orange County Bancorp’s payout ratio is currently 17.59%.

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 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.