Orange County Bancorp, Inc. (NASDAQ:OBT) SVP Michael Listner Sells 264 Shares

Orange County Bancorp, Inc. (NASDAQ:OBT) SVP Michael Listner sold 264 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $50.00, for a total value of $13,200.00. Following the transaction, the senior vice president now directly owns 3,781 shares in the company, valued at approximately $189,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Orange County Bancorp Trading Down 7.7 %

NASDAQ OBT opened at $48.25 on Wednesday. Orange County Bancorp, Inc. has a 52-week low of $28.21 and a 52-week high of $64.01. The firm has a 50-day moving average price of $45.99 and a 200 day moving average price of $48.09. The stock has a market capitalization of $273.10 million, a P/E ratio of 7.65 and a beta of 0.28. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.54.

Orange County Bancorp (NASDAQ:OBT) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.35 by $0.30. Orange County Bancorp had a return on equity of 23.31% and a net margin of 26.05%. The business had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $24.90 million. Equities research analysts expect that Orange County Bancorp, Inc. will post 5.5 EPS for the current year.

Orange County Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.23 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.92 dividend on an annualized basis and a yield of 1.91%. Orange County Bancorp’s dividend payout ratio (DPR) is presently 14.58%.

Institutional Investors Weigh In On Orange County Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hennessy Advisors Inc. grew its holdings in Orange County Bancorp by 92.9% in the first quarter. Hennessy Advisors Inc. now owns 27,000 shares of the company’s stock valued at $1,242,000 after purchasing an additional 13,000 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Orange County Bancorp by 76.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 543 shares of the company’s stock valued at $33,000 after acquiring an additional 236 shares during the last quarter. Coombe Bender & Co LLC raised its position in Orange County Bancorp by 12.8% during the fourth quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company’s stock worth $790,000 after acquiring an additional 1,488 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Orange County Bancorp by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 2,786 shares of the company’s stock valued at $168,000 after purchasing an additional 461 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Orange County Bancorp during the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds 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.