TheStreet lowered shares of Orange County Bancorp (NASDAQ:OBT – Get Rating) from a b rating to a c rating in a report issued on Friday, TheStreetRatingsTable reports.
Orange County Bancorp Stock Down 1.2 %
Shares of NASDAQ:OBT opened at $33.20 on Friday. Orange County Bancorp has a 52-week low of $33.20 and a 52-week high of $42.61. The business has a fifty day moving average of $36.91 and a two-hundred day moving average of $38.86. The stock has a market cap of $186.92 million, a P/E ratio of 8.02 and a beta of 0.12. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.12.
Get Orange County Bancorp alerts:Orange County Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Thursday, June 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.80 annualized dividend and a yield of 2.41%. Orange County Bancorp's dividend payout ratio is presently 19.32%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Orange County Bancorp by 268.2% in the first quarter. BlackRock Inc. now owns 13,048 shares of the company's stock worth $522,000 after purchasing an additional 9,504 shares during the period. Vanguard Group Inc. bought a new position in Orange County Bancorp during the first quarter worth about $3,726,000. The Manufacturers Life Insurance Company increased its holdings in shares of Orange County Bancorp by 2.0% in the first quarter. The Manufacturers Life Insurance Company now owns 131,436 shares of the company's stock valued at $5,259,000 after purchasing an additional 2,563 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Orange County Bancorp by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 231,001 shares of the company's stock worth $9,159,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Banc Funds Co. LLC lifted its position in Orange County Bancorp by 11.7% in the 1st quarter. Banc Funds Co. LLC now owns 478,164 shares of the company's stock valued at $19,131,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Orange County Bancorp (OBT)
- Green Your Portfolio With These Stocks
- Bloomin' Brands Is Blossoming
- Is it Time to Cash Out of Signet Jewelers Stock?
- MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
- The Colgate-Palmolive Growth Outlook Brightens
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.