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

Orange County Bancorp, Inc. (NASDAQ:OBT) saw a large 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. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 7,000 shares, the short-interest ratio is presently 3.4 days.

Orange County Bancorp Stock Performance

Orange County Bancorp stock opened at $43.21 on Wednesday. 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 $244.57 million, a PE ratio of 8.26 and a beta of 0.25. The firm has a fifty day simple moving average of $45.49 and a two-hundred day simple moving average of $47.84. 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 issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. The firm had revenue of $25.89 million during the quarter, compared to the consensus estimate of $24.60 million. Orange County Bancorp had a net margin of 22.47% and a return on equity of 22.06%. Research analysts expect that Orange County Bancorp will post 5.49 EPS for the current year.

Orange County Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, March 1st. Orange County Bancorp’s dividend payout ratio (DPR) is 17.59%.

Hedge Funds Weigh In On Orange County Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Orange County Bancorp in the third quarter worth about $100,000. Bank of New York Mellon Corp grew its holdings in shares of Orange County Bancorp by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 23,208 shares of the company’s stock valued at $1,002,000 after buying an additional 642 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Orange County Bancorp during the third quarter valued at approximately $108,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Orange County Bancorp during the third quarter valued at approximately $60,000. Finally, Coombe Bender & Co LLC grew its holdings in shares of Orange County Bancorp by 12.8% during the fourth quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock valued at $790,000 after buying an additional 1,488 shares during the last quarter. Hedge funds and other institutional investors own 42.55% of the company’s stock.

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.