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

Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Michael J. Coulter sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $51.84, for a total transaction of $51,840.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Orange County Bancorp Stock Performance

OBT opened at $48.65 on Friday. The business has a 50 day moving average price of $46.11 and a two-hundred day moving average price of $48.09. The company has a market capitalization of $275.36 million, a price-to-earnings 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, topping the consensus estimate of $1.35 by $0.30. The firm had revenue of $34.76 million for the quarter, compared to analysts’ expectations of $24.90 million. Orange County Bancorp had a net margin of 26.05% and a return on equity of 23.31%. Research analysts predict that Orange County Bancorp, Inc. will post 5.5 EPS 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 paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.89%. The ex-dividend date was Friday, March 1st. Orange County Bancorp’s dividend payout ratio is currently 14.58%.

Institutional Investors Weigh In On Orange County Bancorp

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 236 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Orange County Bancorp in the 3rd quarter valued at approximately $60,000. SG Americas Securities LLC purchased a new stake in Orange County Bancorp in the 3rd quarter worth approximately $100,000. First Horizon Advisors Inc. acquired a new stake in shares of Orange County Bancorp during the 3rd quarter valued at $108,000. Finally, Coombe Bender & Co LLC raised its holdings 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 in the last quarter. 42.55% of the stock is currently 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.