U.S. Capital Wealth Advisors LLC Invests $631,000 in Orange County Bancorp, Inc. (NASDAQ:OBT)

U.S. Capital Wealth Advisors LLC purchased a new stake in Orange County Bancorp, Inc. (NASDAQ:OBT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,998 shares of the company's stock, valued at approximately $631,000. U.S. Capital Wealth Advisors LLC owned 0.24% of Orange County Bancorp as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OBT. Bank of New York Mellon Corp increased its holdings in Orange County Bancorp by 91.8% in the 1st quarter. Bank of New York Mellon Corp now owns 53,772 shares of the company's stock valued at $1,258,000 after buying an additional 25,734 shares during the period. Keybank National Association OH raised its holdings in Orange County Bancorp by 100.0% during the 1st quarter. Keybank National Association OH now owns 35,000 shares of the company's stock worth $819,000 after purchasing an additional 17,500 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in Orange County Bancorp by 25.0% during the 1st quarter. Hennessy Advisors Inc. now owns 35,000 shares of the company's stock worth $819,000 after purchasing an additional 7,000 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Orange County Bancorp by 100.1% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 25,985 shares of the company's stock worth $608,000 after purchasing an additional 12,996 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Orange County Bancorp by 95.8% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 1,178,905 shares of the company's stock valued at $27,575,000 after acquiring an additional 576,721 shares during the last quarter. Institutional investors own 42.55% of the company's stock.

Orange County Bancorp Stock Up 2.2%

Shares of NASDAQ OBT traded up $0.61 during trading hours on Monday, hitting $27.86. The company had a trading volume of 163,827 shares, compared to its average volume of 35,349. The stock has a market capitalization of $365.08 million, a P/E ratio of 11.54 and a beta of 0.47. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. Orange County Bancorp, Inc. has a 1-year low of $20.97 and a 1-year high of $33.06. The firm's 50 day moving average is $25.60 and its 200-day moving average is $25.19.

Orange County Bancorp (NASDAQ:OBT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.10. The company had revenue of $27.98 million for the quarter, compared to analyst estimates of $28.10 million. Orange County Bancorp had a return on equity of 14.41% and a net margin of 18.86%. On average, analysts expect that Orange County Bancorp, Inc. will post 2.83 earnings per share for the current fiscal year.

Orange County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Wednesday, June 4th were issued a $0.13 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.52 dividend on an annualized basis and a yield of 1.87%. Orange County Bancorp's payout ratio is currently 21.58%.

Analyst Ratings Changes

Separately, Hovde Group lowered their target price on Orange County Bancorp from $30.50 to $29.50 and set an "outperform" rating for the company in a research note on Tuesday, June 10th.

Insiders Place Their Bets

In other news, EVP Gregory Sousa sold 2,440 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $24.61, for a total transaction of $60,048.40. Following the completion of the sale, the executive vice president owned 10,280 shares in the company, valued at $252,990.80. The trade was a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael J. Coulter sold 2,497 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $26.17, for a total value of $65,346.49. Following the completion of the transaction, the executive vice president directly owned 4,984 shares in the company, valued at approximately $130,431.28. This represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,689 shares of company stock valued at $172,121. Company insiders own 9.30% 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.