Orange Investment Advisors Inc. Has $31.45 Million Holdings in Orange County Bancorp, Inc. $OBT

Orange Investment Advisors Inc. cut its holdings in Orange County Bancorp, Inc. (NASDAQ:OBT) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,101,617 shares of the company’s stock after selling 60,000 shares during the quarter. Orange County Bancorp comprises 3.5% of Orange Investment Advisors Inc.’s portfolio, making the stock its 7th largest position. Orange Investment Advisors Inc. owned approximately 0.08% of Orange County Bancorp worth $31,451,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Orange County Bancorp by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,666 shares of the company’s stock valued at $269,000 after purchasing an additional 476 shares during the period. Rhumbline Advisers grew its stake in shares of Orange County Bancorp by 8.1% during the third quarter. Rhumbline Advisers now owns 10,600 shares of the company’s stock worth $267,000 after purchasing an additional 793 shares during the period. CWM LLC increased its holdings in Orange County Bancorp by 174.5% in the third quarter. CWM LLC now owns 1,356 shares of the company’s stock valued at $34,000 after purchasing an additional 862 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Orange County Bancorp by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 20,268 shares of the company’s stock valued at $524,000 after purchasing an additional 862 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Orange County Bancorp by 5,416.7% in the third quarter. Russell Investments Group Ltd. now owns 993 shares of the company’s stock valued at $25,000 after buying an additional 975 shares during the period. Institutional investors and hedge funds own 42.55% of the company’s stock.

Orange County Bancorp Stock Performance

OBT stock opened at $33.99 on Friday. Orange County Bancorp, Inc. has a 1-year low of $22.84 and a 1-year high of $37.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.12. The firm has a market cap of $455.74 million, a PE ratio of 10.00 and a beta of 0.44. The business’s 50-day moving average price is $33.48 and its two-hundred day moving average price is $31.06.

Orange County Bancorp (NASDAQ:OBT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $32.08 million during the quarter, compared to the consensus estimate of $32.30 million. Orange County Bancorp had a return on equity of 16.09% and a net margin of 27.54%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OBT. Weiss Ratings upgraded Orange County Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Hovde Group increased their price target on shares of Orange County Bancorp from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Wall Street Zen cut shares of Orange County Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $36.00 target price (up from $32.00) on shares of Orange County Bancorp in a research note on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

About Orange County Bancorp

Orange County Bancorp, Inc (NASDAQ: OBT) is the bank holding company for Orange County Trust Bank, a community banking franchise headquartered in Goshen, New York. The company provides a full suite of financial services to individuals, small businesses and local organizations across Orange County and the surrounding Hudson Valley region.

Orange County Bancorp offers depository products that include checking and savings accounts, money market funds and certificates of deposit. On the lending side, the company extends commercial real estate and business loans, residential mortgage loans, consumer installment loans and home equity financing.