Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Michael J. Coulter Sells 1,000 Shares

Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Michael J. Coulter sold 1,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $51.84, for a total value of $51,840.00. Following the completion of the transaction, the executive vice president now owns 5,201 shares in the company, valued at approximately $269,619.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Orange County Bancorp Stock Down 1.5 %

Shares of NASDAQ:OBT opened at $47.52 on Thursday. The business’s 50 day simple moving average is $46.05 and its two-hundred day simple moving average is $48.09. The firm has a market cap of $268.96 million, a P/E ratio of 7.53 and a beta of 0.28. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.91 and a current ratio of 0.91. Orange County Bancorp, Inc. has a 52-week low of $28.21 and a 52-week high of $64.01.

Orange County Bancorp (NASDAQ:OBT) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.30. The business had revenue of $34.76 million for the quarter, compared to analyst estimates of $24.90 million. Orange County Bancorp had a return on equity of 23.31% and a net margin of 26.05%. As a group, research analysts forecast that Orange County Bancorp, Inc. will post 5.5 EPS for the current fiscal year.

Orange County Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.92 annualized dividend and a yield of 1.94%. Orange County Bancorp’s payout ratio is currently 14.58%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. lifted its holdings in shares of Orange County Bancorp by 92.9% in the first quarter. Hennessy Advisors Inc. now owns 27,000 shares of the company’s stock valued at $1,242,000 after purchasing an additional 13,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Orange County Bancorp by 76.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 543 shares of the company’s stock valued at $33,000 after purchasing an additional 236 shares in the last quarter. Coombe Bender & Co LLC lifted its holdings in shares of Orange County Bancorp by 12.8% in the fourth quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock valued at $790,000 after purchasing an additional 1,488 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Orange County Bancorp by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 2,786 shares of the company’s stock valued at $168,000 after purchasing an additional 461 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Orange County Bancorp in the third quarter valued at approximately $60,000. Institutional investors own 42.55% of the company’s stock.

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.