Gregory Sousa Sells 2,440 Shares of Orange County Bancorp, Inc. (NASDAQ:OBT) Stock

Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Gregory Sousa sold 2,440 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $24.61, for a total value of $60,048.40. Following the completion of the sale, the executive vice president now owns 10,280 shares of the company’s stock, valued at approximately $252,990.80. This represents a 19.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Orange County Bancorp Trading Down 1.7 %

Shares of OBT opened at $25.32 on Friday. Orange County Bancorp, Inc. has a twelve month low of $20.97 and a twelve month high of $33.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $23.66 and its 200-day simple moving average is $26.36. The company has a market cap of $288.24 million, a P/E ratio of 10.25 and a beta of 0.46.

Orange County Bancorp (NASDAQ:OBT) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.10. The business had revenue of $27.98 million during the quarter, compared to the consensus estimate of $28.10 million. Orange County Bancorp had a net margin of 19.47% and a return on equity of 15.51%. As a group, analysts expect that Orange County Bancorp, Inc. will post 2.83 EPS for the current year.

Orange County Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.52 dividend on an annualized basis and a yield of 2.05%. This is a boost from Orange County Bancorp’s previous quarterly dividend of $0.13. 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 bought and sold shares of OBT. BNP Paribas Financial Markets purchased a new stake in shares of Orange County Bancorp during the fourth quarter valued at $46,000. Public Employees Retirement System of Ohio purchased a new stake in Orange County Bancorp in the 4th quarter valued at about $60,000. Wells Fargo & Company MN grew its stake in Orange County Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $167,000 after acquiring an additional 652 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Orange County Bancorp in the 4th quarter worth about $206,000. Finally, New York State Common Retirement Fund increased its position in shares of Orange County Bancorp by 100.0% during the first quarter. New York State Common Retirement Fund now owns 5,286 shares of the company’s stock worth $124,000 after acquiring an additional 2,643 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.