U.S. Capital Wealth Advisors LLC Makes New Investment in Orange County Bancorp, Inc. (NASDAQ:OBT)

U.S. Capital Wealth Advisors LLC bought a new position in Orange County Bancorp, Inc. (NASDAQ:OBT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Keybank National Association OH lifted its stake in shares of Orange County Bancorp by 100.0% in the first quarter. Keybank National Association OH now owns 35,000 shares of the company's stock valued at $819,000 after purchasing an additional 17,500 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in shares of Orange County Bancorp by 100.1% in the first quarter. NorthCrest Asset Manangement LLC now owns 25,985 shares of the company's stock valued at $608,000 after purchasing an additional 12,996 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of Orange County Bancorp by 95.8% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 1,178,905 shares of the company's stock valued at $27,575,000 after purchasing an additional 576,721 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Orange County Bancorp by 19.6% in the fourth quarter. Ameriprise Financial Inc. now owns 22,916 shares of the company's stock valued at $1,273,000 after purchasing an additional 3,752 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Orange County Bancorp by 77.2% in the fourth quarter. Deutsche Bank AG now owns 6,167 shares of the company's stock valued at $343,000 after purchasing an additional 2,686 shares during the period. Institutional investors and hedge funds own 42.55% of the company's stock.

Insider Buying and Selling at Orange County Bancorp

In other Orange County Bancorp news, EVP Michael J. Coulter sold 2,497 shares of Orange County Bancorp stock in a transaction that occurred 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 transaction, the executive vice president directly owned 4,984 shares of the company's stock, valued at $130,431.28. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph A. Ruhl sold 1,752 shares of Orange County Bancorp stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $26.67, for a total transaction of $46,725.84. Following the transaction, the insider directly owned 31,485 shares in the company, valued at approximately $839,704.95. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,689 shares of company stock valued at $172,121. 9.30% of the stock is currently owned by corporate insiders.

Orange County Bancorp Trading Down 2.0%

Shares of NASDAQ OBT traded down $0.56 during midday trading on Friday, reaching $27.25. 121,272 shares of the stock were exchanged, compared to its average volume of 34,833. The company has a market capitalization of $356.98 million, a P/E ratio of 11.28 and a beta of 0.47. Orange County Bancorp, Inc. has a 52-week low of $20.97 and a 52-week high of $33.06. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $25.60 and a 200-day moving average price of $25.21.

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

Orange County Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Wednesday, June 4th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.52 dividend on an annualized basis and a yield of 1.91%. Orange County Bancorp's payout ratio is 21.58%.

Wall Street Analyst Weigh In

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

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.