Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Gregory Sousa Sells 2,440 Shares of Stock

Orange County Bancorp, Inc. (NASDAQ:OBT) EVP Gregory Sousa sold 2,440 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $24.61, for a total value of $60,048.40. Following the completion of the transaction, the executive vice president now owns 10,280 shares of the company’s stock, valued at $252,990.80. The trade was a 19.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Orange County Bancorp Stock Performance

Shares of OBT opened at $25.65 on Thursday. The company has a market capitalization of $292.02 million, a PE ratio of 10.39 and a beta of 0.46. Orange County Bancorp, Inc. has a 52-week low of $20.97 and a 52-week high of $33.06. The company has a 50-day simple moving average of $23.65 and a 200-day simple moving average of $26.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84.

Orange County Bancorp (NASDAQ:OBT) last posted its 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 return on equity of 15.51% and a net margin of 19.47%. The company had revenue of $27.98 million for the quarter, compared to the consensus estimate of $28.10 million. Equities research analysts predict that Orange County Bancorp, Inc. will post 2.83 earnings per share for the current fiscal year.

Orange County Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Tuesday, March 4th. This is an increase from Orange County Bancorp’s previous quarterly dividend of $0.13. Orange County Bancorp’s dividend payout ratio is 21.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in Orange County Bancorp during the fourth quarter worth $46,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Orange County Bancorp during the fourth quarter worth about $60,000. New York State Common Retirement Fund raised its position in shares of Orange County Bancorp by 100.0% in the first quarter. New York State Common Retirement Fund now owns 5,286 shares of the company’s stock valued at $124,000 after buying an additional 2,643 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Orange County Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $167,000 after buying an additional 652 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Orange County Bancorp during the fourth quarter worth approximately $206,000. 42.55% of the stock is owned by hedge funds and other institutional investors.

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.