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

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

Orange County Bancorp Stock Performance

NASDAQ OBT opened at $48.25 on Wednesday. The business’s 50-day simple moving average is $45.99 and its 200-day simple moving average is $48.09. The firm has a market capitalization of $273.10 million, a P/E ratio of 7.65 and a beta of 0.28. Orange County Bancorp, Inc. has a 1-year low of $28.21 and a 1-year high of $64.01. 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 (NASDAQ:OBT) last released its quarterly earnings data 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. Orange County Bancorp had a net margin of 26.05% and a return on equity of 23.31%. The company had revenue of $34.76 million during the quarter, compared to the consensus estimate of $24.90 million. Equities analysts predict that Orange County Bancorp, Inc. will post 5.5 EPS for the current year.

Orange County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, March 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.91%. Orange County Bancorp’s dividend payout ratio is currently 14.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in Orange County Bancorp by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 2,786 shares of the company’s stock worth $168,000 after buying an additional 461 shares during the period. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $1,002,000 after acquiring an additional 642 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Orange County Bancorp during the third quarter valued at about $60,000. Coombe Bender & Co LLC increased its position in shares of Orange County Bancorp by 12.8% during the fourth quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock worth $790,000 after acquiring an additional 1,488 shares during the last quarter. Finally, First Horizon Advisors Inc. acquired a new position in shares of Orange County Bancorp in the third quarter worth about $108,000. 42.55% of the stock is owned by institutional investors and hedge funds.

About Orange County Bancorp

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.