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 Orange County Bancorp stock in a transaction on Monday, May 6th. The stock was sold at an average price of $51.84, for a total transaction 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 SEC, which is accessible through the SEC website.

Orange County Bancorp Price Performance

OBT opened at $47.52 on Thursday. The company has a fifty day moving average price of $46.05 and a two-hundred day moving average price of $48.09. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.91 and a current ratio of 0.91. Orange County Bancorp, Inc. has a 52 week low of $28.21 and a 52 week high of $64.01. The firm has a market capitalization of $268.96 million, a PE ratio of 7.53 and a beta of 0.28.

Orange County Bancorp (NASDAQ:OBT) last released its earnings results on Wednesday, May 1st. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $34.76 million during the quarter, compared to analyst estimates of $24.90 million. As a group, analysts anticipate that Orange County Bancorp, Inc. will post 5.5 earnings per share for the current year.

Orange County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, March 1st. Orange County Bancorp’s dividend payout ratio (DPR) is 14.58%.

Hedge Funds Weigh In On Orange County Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in OBT. Hennessy Advisors Inc. acquired a new position in shares of Orange County Bancorp in the 4th quarter valued at $843,000. First Horizon Advisors Inc. bought a new stake in Orange County Bancorp in the 3rd quarter valued at $108,000. SG Americas Securities LLC bought a new stake in Orange County Bancorp in the 3rd quarter valued at $100,000. Coombe Bender & Co LLC lifted its position in Orange County Bancorp by 12.8% in the 4th quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock valued at $790,000 after acquiring an additional 1,488 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Orange County Bancorp in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 42.55% of the company’s stock.

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.