Michael J. Coulter Sells 2,497 Shares of Orange County Bancorp, Inc. (NASDAQ:OBT) Stock

Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Michael J. Coulter sold 2,497 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $26.17, for a total transaction of $65,346.49. Following the completion of the sale, the executive vice president now owns 4,984 shares in the company, valued at $130,431.28. This represents a 33.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Orange County Bancorp Stock Down 3.1 %

NASDAQ OBT opened at $25.65 on Thursday. Orange County Bancorp, Inc. has a twelve month low of $20.97 and a twelve month high of $33.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $292.02 million, a PE ratio of 10.39 and a beta of 0.46. The firm has a 50-day simple moving average of $23.65 and a 200 day simple moving average of $26.38.

Orange County Bancorp (NASDAQ:OBT) last issued its earnings results on Wednesday, April 30th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. The business had revenue of $27.98 million for the quarter, compared to analyst estimates of $28.10 million. Orange County Bancorp had a net margin of 19.47% and a return on equity of 15.51%. On average, research analysts forecast that Orange County Bancorp, Inc. will post 2.83 EPS for the current year.

Orange County Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a $0.13 dividend. This is an increase from Orange County Bancorp’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, March 4th. Orange County Bancorp’s payout ratio is presently 21.58%.

Institutional Trading of Orange County Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of Orange County Bancorp by 183.2% in the third quarter. Barclays PLC now owns 7,934 shares of the company’s stock valued at $478,000 after purchasing an additional 5,132 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Orange County Bancorp by 132.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,339 shares of the company’s stock valued at $503,000 after buying an additional 4,750 shares during the period. Bank of New York Mellon Corp raised its position in shares of Orange County Bancorp by 50.5% during the fourth quarter. Bank of New York Mellon Corp now owns 28,038 shares of the company’s stock worth $1,558,000 after acquiring an additional 9,403 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Orange County Bancorp by 59.8% during the fourth quarter. American Century Companies Inc. now owns 53,753 shares of the company’s stock valued at $2,987,000 after acquiring an additional 20,118 shares during the period. Finally, LPL Financial LLC acquired a new stake in Orange County Bancorp in the fourth quarter worth about $645,000. 42.55% of the stock is currently owned by institutional investors and hedge funds.

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.