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

Orange County Bancorp, Inc. (NASDAQ:OBT) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 24,100 shares, a decrease of 15.1% from the March 31st total of 28,400 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 3.4 days.

Orange County Bancorp Price Performance

NASDAQ:OBT opened at $43.21 on Wednesday. The firm has a market cap of $244.57 million, a price-to-earnings ratio of 8.26 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.54. The company’s 50-day moving average is $45.49 and its two-hundred day moving average is $47.84. Orange County Bancorp has a 12-month low of $26.88 and a 12-month high of $64.01.

Orange County Bancorp (NASDAQ:OBT) last released its earnings results on Wednesday, January 31st. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. The company had revenue of $25.89 million for the quarter, compared to analyst estimates 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 business 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 dividend on an annualized basis 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 is currently 17.59%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hennessy Advisors Inc. increased its stake in shares of Orange County Bancorp by 92.9% during the 1st quarter. Hennessy Advisors Inc. now owns 27,000 shares of the company’s stock valued at $1,242,000 after acquiring an additional 13,000 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Orange County Bancorp by 76.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 543 shares of the company’s stock valued at $33,000 after acquiring an additional 236 shares during the last quarter. Coombe Bender & Co LLC increased its stake in shares of Orange County Bancorp by 12.8% during the 4th quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock valued at $790,000 after acquiring an additional 1,488 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Orange County Bancorp by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 2,786 shares of the company’s stock valued at $168,000 after acquiring an additional 461 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Orange County Bancorp during the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 42.55% of the company’s stock.

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.