Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Gregory Sousa Sells 426 Shares of Stock

Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Gregory Sousa sold 426 shares of Orange County Bancorp stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $55.00, for a total transaction of $23,430.00. Following the completion of the sale, the executive vice president now directly owns 4,252 shares in the company, valued at $233,860. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Orange County Bancorp Trading Up 10.8 %

OBT stock opened at $61.30 on Thursday. Orange County Bancorp, Inc. has a 12-month low of $41.00 and a 12-month high of $64.01. The business’s 50-day moving average is $56.75 and its 200 day moving average is $52.93. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $346.96 million, a price-to-earnings ratio of 11.97 and a beta of 0.36.

Orange County Bancorp (NASDAQ:OBT) last released its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.86). Orange County Bancorp had a net margin of 20.31% and a return on equity of 16.91%. The firm had revenue of $35.61 million during the quarter, compared to analysts’ expectations of $26.60 million. On average, sell-side analysts anticipate that Orange County Bancorp, Inc. will post 5.43 EPS for the current fiscal year.

Orange County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Wednesday, September 4th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.92 dividend on an annualized basis and a yield of 1.50%. Orange County Bancorp’s payout ratio is presently 17.97%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price objective on shares of Orange County Bancorp from $69.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st.

Institutional Trading of Orange County Bancorp

A number of hedge funds have recently bought and sold shares of OBT. Hennessy Advisors Inc. boosted its position in shares of Orange County Bancorp by 28.9% during the 2nd quarter. Hennessy Advisors Inc. now owns 34,809 shares of the company’s stock valued at $1,841,000 after acquiring an additional 7,809 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in Orange County Bancorp by 0.7% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 602,918 shares of the company’s stock valued at $36,368,000 after purchasing an additional 4,408 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Orange County Bancorp by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 201,453 shares of the company’s stock worth $9,267,000 after buying an additional 2,492 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Orange County Bancorp during the 3rd quarter valued at approximately $110,000. Finally, Bank of New York Mellon Corp lifted its holdings in Orange County Bancorp by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 22,730 shares of the company’s stock valued at $1,202,000 after acquiring an additional 1,376 shares during the last quarter. Institutional investors and hedge funds 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.