Insider Selling: 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 the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $50.00, for a total transaction of $13,200.00. Following the sale, the senior vice president now directly owns 3,781 shares of the company’s stock, valued at approximately $189,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Orange County Bancorp Price Performance

Shares of NASDAQ OBT opened at $48.65 on Friday. The company has a fifty day moving average price of $46.11 and a 200 day moving average price of $48.09. The firm has a market cap of $275.36 million, a PE ratio of 7.71 and a beta of 0.28. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.54. 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 company had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $24.90 million. Orange County Bancorp had a return on equity of 23.31% and a net margin of 26.05%. Research analysts predict that Orange County Bancorp, Inc. will post 5.5 earnings per share for the current fiscal year.

Orange County Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, March 1st. Orange County Bancorp’s dividend payout ratio (DPR) is currently 14.58%.

Institutional Investors Weigh In On Orange County Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in OBT. Tower Research Capital LLC TRC raised its holdings in Orange County Bancorp by 76.9% during 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 in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Orange County Bancorp during the 3rd quarter worth approximately $60,000. SG Americas Securities LLC bought a new stake in shares of Orange County Bancorp during the 3rd quarter worth approximately $100,000. First Horizon Advisors Inc. acquired a new stake in shares of Orange County Bancorp in the 3rd quarter valued at approximately $108,000. Finally, Coombe Bender & Co LLC grew its stake in shares of Orange County Bancorp by 12.8% in the fourth quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock valued at $790,000 after buying an additional 1,488 shares in the last quarter. 42.55% of the stock is owned by institutional investors.

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.