Coombe Bender & Co LLC Buys 1,488 Shares of Orange County Bancorp, Inc. (NASDAQ:OBT)

Coombe Bender & Co LLC boosted its stake in Orange County Bancorp, Inc. (NASDAQ:OBT) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,118 shares of the company’s stock after purchasing an additional 1,488 shares during the quarter. Coombe Bender & Co LLC’s holdings in Orange County Bancorp were worth $790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in OBT. SG Americas Securities LLC raised its holdings in shares of Orange County Bancorp by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 2,786 shares of the company’s stock worth $168,000 after acquiring an additional 461 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Orange County Bancorp in the third quarter worth approximately $60,000. First Horizon Advisors Inc. bought a new stake in Orange County Bancorp during the third quarter worth $108,000. Finally, Bank of New York Mellon Corp raised its position in Orange County Bancorp by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 23,208 shares of the company’s stock valued at $1,002,000 after buying an additional 642 shares during the last quarter. Institutional investors own 42.55% of the company’s stock.

Orange County Bancorp Stock Up 1.7 %

Shares of NASDAQ OBT traded up $0.77 during trading on Thursday, hitting $46.50. The stock had a trading volume of 3,003 shares, compared to its average volume of 7,316. The company has a market capitalization of $263.19 million, a PE ratio of 8.89 and a beta of 0.28. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.91 and a quick ratio of 0.91. Orange County Bancorp, Inc. has a 12 month low of $26.88 and a 12 month high of $64.01. The firm has a fifty day moving average of $45.52 and a two-hundred day moving average of $47.83.

Orange County Bancorp (NASDAQ:OBT) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.30. Orange County Bancorp had a return on equity of 22.06% and a net margin of 22.47%. The firm had revenue of $34.76 million for the quarter, compared to analysts’ expectations of $24.90 million. As a group, equities research analysts forecast that Orange County Bancorp, Inc. will post 5.49 EPS for the current fiscal year.

Orange County Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors 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 1.98%. The ex-dividend date was Friday, March 1st. Orange County Bancorp’s dividend payout ratio is currently 17.59%.

About Orange County Bancorp

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.