OBT
Orange County Bancorp, Inc.Financial Services·Banks - Regional
$34.12
$457M market cap
Revenue
$74.4M
Free Cash Flow
$22.7M
Rev Growth
+0.0%
FCF Margin
30.5%
P/FCF
20.1x
EV/FCF
3.3x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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. The company also offers commercial real estate loans,
2-Year Price History
$34.05+53.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 34.4 | 10.5 | 10.4 | 11.3 | 10.2 | 9.7 | -0.6 | 416.5 | 34.6 | 13.4 | 21.4% | 1.6x | -- |
| Act | 2025-Q4 | 40.0 | 13.7 | 13.7 | 12.4 | 13.8 | 13.1 | -0.7 | 362.6 | 34.6 | 13.3 | 39.2% | 2.0x | -- |
Valuation & Metrics
Market Stats
Price$34.12
Market Cap$457M
Enterprise Value$76M
P/S Ratio6.2x
P/FCF20.1x
EV/FCF3.3x
FCF Margin (TTM)30.5%
FCF Yield5.0%
Dividend Yield (TTM)2.0%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$74.4M
Net Income$23.7M
Free Cash Flow$22.7M
Revenue Growth (YoY)+0.0%
EBITDA Margin32.4%
Net Margin31.9%
FCF Margin30.5%
CapEx % of Revenue1.7%
SBC % of Revenue1.7%
ROIC30.3%
WC Change % Rev-0.8%
Interest Coverage1.8x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover1.4
Change (vs Prior)-0.8%
Need at least 2 settlement dates for chart
Employees
Headcount225
Revenue / Employee$330,800
Gross Profit / Employee$263,880
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
28.2%(+10.4% YoY)
91 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
22.2%(+13.5% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.1% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $60.5M | $25.41 | −$1.6M | +$37.0M | -0.2% | $5.69T |
| HUDSON VALLEY INVESTMENT ADVISORS INC /ADV | $33.9M | $22.91 | −$1.3M | −$3.8M | -0.1% | $772M |
| WELLINGTON MANAGEMENT GROUP LLP | $15.9M | $24.53 | −$2.5M | −$379K | -0.3% | $533.98B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $14.8M | $31.98 | +$14.8M | +$14.8M | — | $4.04T |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $9.9M | $23.68 | −$133K | +$2.0M | -0.2% | $113.45B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $8.3M | $21.70 | +$59K | +$1.1M | +2.3% | $1.61T |
| AMERICAN CENTURY COMPANIES INC | $7.5M | $26.83 | +$2.2M | +$3.6M | +0.7% | $193.48B |
| BANC FUNDS CO LLC | $6.3M | $22.62 | +$0 | −$7.6M | -1.4% | $537M |
| ALLIANCEBERNSTEIN L.P. | $6.3M | $23.62 | −$814K | +$701K | -0.3% | $307.70B |
| STATE STREET CORPPassive | $6.0M | $22.60 | +$669K | +$1.1M | -0.2% | $2.89T |
| DIMENSIONAL FUND ADVISORS LPPassive | $4.1M | $26.64 | +$934K | +$2.6M | -0.4% | $480.92B |
| MORGAN STANLEY | $3.2M | $28.03 | +$1.5M | +$2.3M | -0.3% | $1.65T |
| NORTHERN TRUST CORPPassive | $2.8M | $22.04 | +$93K | +$192K | -0.2% | $755.34B |
| MARSHALL WACE, LLP | $2.8M | $27.96 | +$1.1M | +$2.8M | +0.6% | $92.71B |
| BROWN BROTHERS HARRIMAN & CO | $2.7M | $25.35 | +$0 | +$2.7M | -0.3% | $18.65B |
| EJF Capital LLC | $2.6M | $25.38 | −$330K | +$2.6M | -5.6% | $142M |
| TWO SIGMA INVESTMENTS, LP | $2.5M | $28.05 | +$1.2M | +$2.1M | -0.9% | $117.03B |
| VANGUARD FIDUCIARY TRUST COPassive | $2.3M | $31.98 | +$2.3M | +$2.3M | — | $395.83B |
| GOLDMAN SACHS GROUP INC | $2.3M | $25.69 | +$40K | +$1.1M | -0.2% | $760.93B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $2.2M | $31.98 | +$2.2M | +$2.2M | — | $1.91T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-0.27%
avg per quarter
Holders (ex-self)
-0.28%
excl. this stock
Buyers (this Q)
-0.08%
50 buyers · $0.04B in
Sellers (this Q)
-2.30%
29 sellers · $-0.00B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+16.6%
how holders react when this stock falls
On quiet Qs
+4.4%
−10% to +10% baseline
On rallies (+10%+)
+4.8%
how they react when this stock rises
Holders' portfolio flow this Q
-0.4%
outflows — trims may be forced
Sellers' portfolio flow this Q
-38.3%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.5%
Holder mid (any stock)
-3.3%
Holder rally (any stock)
-4.3%
Biggest decreases this quarter
WELLINGTON MANAGEMENT GROUP LLP−$2.5Mα-0.3BlackRock, Inc.−$1.6Mα-0.2Azora Capital LPexited−$1.5MHUDSON VALLEY INVESTMENT ADVISORS INC /ADV−$1.3Mα-0.1KENNEDY CAPITAL MANAGEMENT LLCexited−$936KALLIANCEBERNSTEIN L.P.−$814Kα-0.3NorthCrest Asset Manangement, LLCexited−$758KEJF Capital LLC−$330Kα-5.6CULBERTSON A N & CO INCexited−$237KHSBC HOLDINGS PLC−$207Kα-0.1
New buyers this quarter
Top-5 holders · 58.7%
BlackRock, Inc.--
HUDSON VALLEY INVESTMENT ADVISORS INC /ADV--
WELLINGTON MANAGEMENT GROUP LLP--
VANGUARD CAPITAL MANAGEMENT LLC--
MANUFACTURERS LIFE INSURANCE COMPANY, THE--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
HUDSON VALLEY INVESTMENT ADVISORS INC /ADV1.1MWELLINGTON MANAGEMENT GROUP LLP497KBANC FUNDS CO LLC198KALLIANCEBERNSTEIN L.P.219KMANUFACTURERS LIFE INSURANCE COMPANY, THE309KAMERICAN CENTURY COMPANIES INC235KM3F, Inc.—Fourthstone LLC27KFJ Capital Management LLC—ENDEAVOUR CAPITAL ADVISORS INC—
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (2 analysts)$33.50-180.0%
Current Price$34.12
Analyst Ratings
2
Buy: 2Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$196K
3 txns · 2 insiders · 8,301 sh
Sells ($, 12mo)
$29K
1 txn · 1 insider · 1,000 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-19 | BUY | Gilfeather Michael J | director, officer: President and CEO | 200 | $31.25 | $6K | $512K |
| 2025-12-11 | SELL | Dineen David P | officer: SVP, Dir. Wealth Services | 1,000 | $28.81 | $29K | $237K |
| 2025-10-31 | BUY | Gilfeather Michael J | director, officer: President and CEO | 1,650 | $24.02 | $40K | $2.57M |
| 2025-06-04 | BUY | Schiller Jon | director | 6,451 | $23.25 | $150K | $289K |
Order Flow (FINRA, ~3w lag)
8.1%retail-4.4pp
21.6%dark-0.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Orange County Bancorp, Inc.: Administrative cover page provides no evidence of financial distress or reporting irregularities.
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10