Orange County Bancorp, Inc. (NASDAQ:OBT) Holdings Lowered by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV trimmed its stake in Orange County Bancorp, Inc. (NASDAQ:OBTFree Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 598,510 shares of the company’s stock after selling 8,127 shares during the period. Orange County Bancorp makes up 4.9% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its largest holding. Hudson Valley Investment Advisors Inc. ADV owned about 10.59% of Orange County Bancorp worth $36,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. 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 worth $522,000 after acquiring an additional 9,504 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of Orange County Bancorp during the first quarter worth $3,726,000. The Manufacturers Life Insurance Company boosted its stake in Orange County Bancorp by 2.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 131,436 shares of the company’s stock valued at $5,259,000 after acquiring an additional 2,563 shares during the last quarter. UBS Group AG bought a new position in Orange County Bancorp during the 3rd quarter valued at $54,000. Finally, Alliancebernstein L.P. lifted its position in shares of Orange County Bancorp by 1.2% in the 3rd quarter. Alliancebernstein L.P. now owns 244,246 shares of the company’s stock worth $9,403,000 after buying an additional 2,914 shares during the last quarter. 45.10% of the stock is owned by hedge funds and other institutional investors.

Orange County Bancorp Trading Down 1.0 %

Shares of NASDAQ:OBT opened at $45.00 on Friday. The company has a market cap of $254.25 million, a PE ratio of 8.60 and a beta of 0.25. The company’s 50-day moving average price is $46.86 and its 200 day moving average price is $47.63. Orange County Bancorp, Inc. has a fifty-two week low of $26.88 and a fifty-two week high of $64.01. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22.

Orange County Bancorp (NASDAQ:OBTGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. Orange County Bancorp had a net margin of 22.47% and a return on equity of 22.76%. The company had revenue of $25.89 million for the quarter, compared to analysts’ expectations of $24.60 million. Sell-side analysts anticipate that Orange County Bancorp, Inc. will post 5.49 earnings per share for the current year.

Orange County Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Friday, March 1st. Orange County Bancorp’s dividend payout ratio (DPR) is presently 17.59%.

Orange County Bancorp Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orange County Bancorp, Inc. (NASDAQ:OBTFree Report).

Institutional Ownership by Quarter for Orange County Bancorp (NASDAQ:OBT)

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.