Orange County Bancorp, Inc. (NASDAQ:OBT – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $40.10 and last traded at $37.49, with a volume of 14253 shares traded. The stock had previously closed at $37.23.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Orange County Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.00.
Read Our Latest Stock Report on Orange County Bancorp
Orange County Bancorp Trading Up 0.2%
Orange County Bancorp (NASDAQ:OBT – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $32.08 million for the quarter, compared to the consensus estimate of $32.30 million. Orange County Bancorp had a net margin of 27.54% and a return on equity of 16.09%.
Orange County Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.9%. Orange County Bancorp’s dividend payout ratio (DPR) is 21.18%.
Hedge Funds Weigh In On Orange County Bancorp
A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Orange County Bancorp by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,666 shares of the company’s stock worth $269,000 after buying an additional 476 shares in the last quarter. Royal Bank of Canada increased its stake in Orange County Bancorp by 108.3% in the first quarter. Royal Bank of Canada now owns 1,029 shares of the company’s stock valued at $33,000 after purchasing an additional 535 shares during the last quarter. Rhumbline Advisers raised its stake in Orange County Bancorp by 8.1% during the 3rd quarter. Rhumbline Advisers now owns 10,600 shares of the company’s stock worth $267,000 after acquiring an additional 793 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Orange County Bancorp by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 20,268 shares of the company’s stock valued at $524,000 after purchasing an additional 862 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Orange County Bancorp by 4.1% during the fourth quarter. LPL Financial LLC now owns 22,285 shares of the company’s stock worth $636,000 after purchasing an additional 875 shares during the last quarter. 42.55% of the stock is owned by hedge funds and other institutional investors.
Orange County Bancorp Company Profile
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.
Read More
- Five stocks we like better than Orange County Bancorp
- Microsoft’s Boring Stock Story May Be Its Biggest Strength
- 3 Monthly Dividend Stocks for Income Investors Seeking Cash Flow
- These 3 Bitcoin Miner Stocks Are Riding the AI Data Center Boom
- Why Penguin Solutions Is Rallying as AI Data Centers Scale
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.
