Orange County Bancorp, Inc. (NASDAQ:OBT) SVP Sells $13,200.00 in Stock

Orange County Bancorp, Inc. (NASDAQ:OBT) SVP Michael Listner sold 264 shares of Orange County Bancorp stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $50.00, for a total transaction of $13,200.00. Following the completion of the transaction, the senior vice president now directly owns 3,781 shares of the company’s stock, valued at $189,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Orange County Bancorp Trading Down 1.5 %

NASDAQ:OBT opened at $47.52 on Thursday. Orange County Bancorp, Inc. has a 52 week low of $28.21 and a 52 week high of $64.01. The stock has a market cap of $268.96 million, a price-to-earnings ratio of 7.53 and a beta of 0.28. The company’s 50 day moving average price is $46.05 and its 200-day moving average price is $48.09. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.54.

Orange County Bancorp (NASDAQ:OBT) last issued its earnings results on Wednesday, May 1st. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.35 by $0.30. The business had revenue of $34.76 million for 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%. On average, equities research analysts forecast that Orange County Bancorp, Inc. will post 5.5 earnings per share for the current fiscal year.

Orange County Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors 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 14.58%.

Hedge Funds Weigh In On Orange County Bancorp

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake 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 worth $33,000 after acquiring an additional 236 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Orange County Bancorp during the 3rd quarter valued at $60,000. SG Americas Securities LLC bought a new stake in shares of Orange County Bancorp in the third quarter worth $100,000. First Horizon Advisors Inc. purchased a new stake in Orange County Bancorp during the third quarter valued at $108,000. Finally, Coombe Bender & Co LLC grew its stake in shares of Orange County Bancorp by 12.8% during the 4th 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 period. Hedge funds and other 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.