TheStreet cut shares of Orange County Bancorp (NASDAQ:OBT – Get Rating) from a b rating to a c rating in a research report released on Friday, TheStreetRatingsTable reports.
Orange County Bancorp Price Performance
NASDAQ:OBT opened at $33.20 on Friday. The firm has a market capitalization of $186.92 million, a price-to-earnings ratio of 8.02 and a beta of 0.12. Orange County Bancorp has a 52-week low of $33.20 and a 52-week high of $42.61. The stock has a fifty day moving average of $36.91 and a 200 day moving average of $38.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80.
Get Orange County Bancorp alerts:Orange County Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Thursday, June 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, June 1st. Orange County Bancorp's dividend payout ratio is 19.32%.
Institutional Investors Weigh In On Orange County Bancorp
A number of large investors have recently added to or reduced their stakes in OBT. Vanguard Group Inc. purchased a new stake in Orange County Bancorp during the first quarter valued at about $3,726,000. Banc Funds Co. LLC raised its position in Orange County Bancorp by 11.7% during the first quarter. Banc Funds Co. LLC now owns 478,164 shares of the company's stock valued at $19,131,000 after purchasing an additional 50,000 shares in the last quarter. BlackRock Inc. raised its position in Orange County Bancorp by 268.2% during the first quarter. BlackRock Inc. now owns 13,048 shares of the company's stock valued at $522,000 after purchasing an additional 9,504 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in Orange County Bancorp by 0.6% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 631,487 shares of the company's stock valued at $25,266,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Orange County Bancorp by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 231,001 shares of the company's stock valued at $9,159,000 after purchasing an additional 2,793 shares in the last quarter. Hedge funds and other institutional investors own 39.40% of the company's stock.About Orange County Bancorp
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Orange County Bancorp (OBT)
- Is it Time to Cash Out of Signet Jewelers Stock?
- Green Your Portfolio With These Stocks
- Bloomin' Brands Is Blossoming
- MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
- Deep Value High Yield Newell Brands Is Ready To Bottom
Receive News & Ratings for Orange County Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange County Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.