American Century Companies Inc. Acquires 20,118 Shares of Orange County Bancorp, Inc. (NASDAQ:OBT)

American Century Companies Inc. raised its stake in shares of Orange County Bancorp, Inc. (NASDAQ:OBT - Free Report) by 59.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,753 shares of the company's stock after purchasing an additional 20,118 shares during the period. American Century Companies Inc. owned 0.47% of Orange County Bancorp worth $2,987,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of Orange County Bancorp in the 3rd quarter valued at about $379,000. Barclays PLC increased its stake in Orange County Bancorp by 183.2% during the 3rd quarter. Barclays PLC now owns 7,934 shares of the company's stock valued at $478,000 after buying an additional 5,132 shares during the period. JPMorgan Chase & Co. raised its position in shares of Orange County Bancorp by 132.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,339 shares of the company's stock worth $503,000 after buying an additional 4,750 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Orange County Bancorp by 50.5% in the 4th quarter. Bank of New York Mellon Corp now owns 28,038 shares of the company's stock worth $1,558,000 after acquiring an additional 9,403 shares during the period. Finally, State Street Corp boosted its holdings in shares of Orange County Bancorp by 5.7% in the third quarter. State Street Corp now owns 74,966 shares of the company's stock valued at $4,522,000 after acquiring an additional 4,060 shares in the last quarter. Institutional investors and hedge funds own 42.55% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler boosted their target price on Orange County Bancorp from $33.00 to $35.50 and gave the stock an "overweight" rating in a report on Friday, December 13th.

Orange County Bancorp Price Performance

OBT stock traded down $0.02 during trading hours on Friday, hitting $21.33. 8,423 shares of the stock traded hands, compared to its average volume of 25,362. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $24.61 and a 200 day simple moving average of $26.93. Orange County Bancorp, Inc. has a one year low of $20.97 and a one year high of $33.06. The company has a market cap of $242.29 million, a P/E ratio of 8.64 and a beta of 0.46.

Orange County Bancorp (NASDAQ:OBT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). Orange County Bancorp had a return on equity of 15.51% and a net margin of 19.47%. Equities analysts forecast that Orange County Bancorp, Inc. will post 2.83 earnings per share for the current year.

Orange County Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a $0.13 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. This is a boost from Orange County Bancorp's previous quarterly dividend of $0.13. Orange County Bancorp's dividend payout ratio is currently 21.05%.

Orange County Bancorp Company Profile

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.