Insider Selling: Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Sells $51,840.00 in Stock

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

Orange County Bancorp Price Performance

Shares of OBT opened at $48.65 on Friday. The firm has a fifty day moving average price of $46.11 and a 200 day moving average price of $48.09. The stock has a market cap of $275.36 million, a PE ratio of 7.71 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 1-year low of $28.21 and a 1-year high of $64.01.

Orange County Bancorp (NASDAQ:OBT) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.30. The business had revenue of $34.76 million during the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Orange County Bancorp, Inc. will post 5.5 EPS for the current year.

Orange County Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.92 dividend on an annualized basis and a yield of 1.89%. Orange County Bancorp’s payout ratio is 14.58%.

Hedge Funds Weigh In On Orange County Bancorp

Institutional investors have recently bought and sold shares of the company. Hennessy Advisors Inc. grew its stake in shares of Orange County Bancorp by 92.9% during the 1st quarter. Hennessy Advisors Inc. now owns 27,000 shares of the company’s stock worth $1,242,000 after purchasing an additional 13,000 shares during the period. Bank of New York Mellon Corp boosted its position in Orange County Bancorp by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 23,208 shares of the company’s stock worth $1,002,000 after purchasing an additional 642 shares in the last quarter. Coombe Bender & Co LLC grew its holdings in 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 during 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, First Horizon Advisors Inc. acquired a new position in shares of Orange County Bancorp in the third quarter worth $108,000. 42.55% of the stock is owned by institutional investors and hedge funds.

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.