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

Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Michael J. Coulter sold 2,497 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $26.17, for a total transaction of $65,346.49. Following the sale, the executive vice president now directly owns 4,984 shares of the company’s stock, valued at $130,431.28. The trade was a 33.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Orange County Bancorp Stock Performance

Orange County Bancorp stock opened at $25.32 on Friday. Orange County Bancorp, Inc. has a 1-year low of $20.97 and a 1-year high of $33.06. The firm has a market cap of $288.24 million, a P/E ratio of 10.25 and a beta of 0.46. 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 firm has a 50-day moving average of $23.66 and a 200-day moving average of $26.36.

Orange County Bancorp (NASDAQ:OBT) last released its quarterly 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. Orange County Bancorp had a net margin of 19.47% and a return on equity of 15.51%. The business had revenue of $27.98 million for the quarter, compared to analysts’ expectations of $28.10 million. Sell-side analysts expect that Orange County Bancorp, Inc. will post 2.83 EPS for the current year.

Orange County Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.52 annualized dividend and a dividend 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 currently 21.58%.

Institutional Trading of Orange County Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of Orange County Bancorp by 27.8% during 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 during the period. BNP Paribas Financial Markets purchased a new stake in Orange County Bancorp in the fourth quarter worth $46,000. Public Employees Retirement System of Ohio bought a new position in Orange County Bancorp in the fourth quarter worth $60,000. Two Sigma Investments LP lifted its position in Orange County Bancorp by 25.7% during the fourth quarter. Two Sigma Investments LP now owns 5,294 shares of the company’s stock valued at $294,000 after buying an additional 1,084 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Orange County Bancorp by 52.5% during the 4th quarter. Renaissance Technologies LLC now owns 6,100 shares of the company’s stock valued at $339,000 after buying an additional 2,100 shares in the last quarter. 42.55% of the stock is currently owned by hedge funds and other institutional investors.

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.