Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Gregory Sousa Sells 221 Shares

Orange County Bancorp, Inc. (NASDAQ:OBT - Get Free Report) EVP Gregory Sousa sold 221 shares of Orange County Bancorp stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $49.80, for a total value of $11,005.80. Following the transaction, the executive vice president now owns 5,569 shares of the company's stock, valued at approximately $277,336.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Orange County Bancorp Stock Performance

Shares of OBT traded up $0.24 during mid-day trading on Tuesday, reaching $49.00. The company's stock had a trading volume of 3,468 shares, compared to its average volume of 7,453. 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. The business has a 50-day simple moving average of $46.28 and a two-hundred day simple moving average of $48.26. The stock has a market cap of $277.34 million, a P/E ratio of 7.77 and a beta of 0.28.

Orange County Bancorp (NASDAQ:OBT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.65 earnings per share (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 the consensus estimate of $24.90 million. As a group, equities research analysts anticipate that Orange County Bancorp, Inc. will post 5.5 earnings per share for the current fiscal year.

Orange County Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, March 1st. Orange County Bancorp's dividend payout ratio is presently 14.58%.

Hedge Funds Weigh In On Orange County Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Coombe Bender & Co LLC boosted its stake in Orange County Bancorp by 12.8% in the 4th quarter. Coombe Bender & Co LLC now owns 13,118 shares of the company's stock valued at $790,000 after purchasing an additional 1,488 shares during the period. SG Americas Securities LLC boosted its position 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 acquiring an additional 461 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Orange County Bancorp by 2.8% in the third quarter. Bank of New York Mellon Corp now owns 23,208 shares of the company's stock valued at $1,002,000 after acquiring an additional 642 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Orange County Bancorp in the third quarter valued at about $60,000. Finally, First Horizon Advisors Inc. bought a new position in Orange County Bancorp during the third quarter worth about $108,000. Institutional investors and hedge funds own 42.55% of the company's stock.

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.

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