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

Orange County Bancorp, Inc. (NASDAQ:OBT) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 24,100 shares, a drop of 15.1% from the March 31st total of 28,400 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 3.4 days. Currently, 0.5% of the shares of the stock are sold short.

Orange County Bancorp Trading Down 5.2 %

Shares of OBT traded down $2.37 during mid-day trading on Tuesday, reaching $43.21. The stock had a trading volume of 8,469 shares, compared to its average volume of 7,309. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $244.57 million, a price-to-earnings ratio of 8.09 and a beta of 0.25. The business’s fifty day moving average is $45.51 and its 200 day moving average is $47.85. Orange County Bancorp has a 52-week low of $26.88 and a 52-week high of $64.01.

Orange County Bancorp (NASDAQ:OBT) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. Orange County Bancorp had a return on equity of 22.06% and a net margin of 22.47%. The business had revenue of $25.89 million during the quarter, compared to analysts’ expectations of $24.60 million. On average, sell-side analysts predict that Orange County Bancorp will post 5.49 EPS for the current fiscal year.

Orange County Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in Orange County Bancorp by 76.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 543 shares of the company’s stock worth $33,000 after purchasing an additional 236 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Orange County Bancorp in the 3rd quarter valued at $60,000. SG Americas Securities LLC purchased a new position in Orange County Bancorp during the third quarter worth about $100,000. First Horizon Advisors Inc. purchased a new stake in Orange County Bancorp in the third quarter valued at approximately $108,000. Finally, Coombe Bender & Co LLC increased its holdings 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 worth $790,000 after buying an additional 1,488 shares during the last quarter. 42.55% of the stock is currently owned by institutional investors and hedge funds.

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.