Orange County Bancorp, Inc. (NASDAQ:OBT - Get Free Report) SVP Michael Listner sold 264 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $50.00, for a total transaction of $13,200.00. Following the completion of the transaction, the senior vice president now owns 3,781 shares in the company, valued at $189,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Orange County Bancorp Stock Down 7.7 %
NASDAQ OBT opened at $48.25 on Wednesday. The stock's 50 day simple moving average is $45.99 and its 200 day simple moving average is $48.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.91 and a quick ratio of 0.91. Orange County Bancorp, Inc. has a one year low of $28.21 and a one year high of $64.01. The firm has a market cap of $273.10 million, a PE ratio of 7.65 and a beta of 0.28.
Orange County Bancorp (NASDAQ:OBT - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.30. The company had revenue of $34.76 million during the quarter, compared to the consensus estimate of $24.90 million. Orange County Bancorp had a net margin of 26.05% and a return on equity of 23.31%. As a group, sell-side analysts forecast that Orange County Bancorp, Inc. will post 5.5 earnings per share for the current fiscal year.
Orange County Bancorp Dividend Announcement
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The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.92 annualized dividend and a yield of 1.91%. Orange County Bancorp's payout ratio is currently 14.58%.
Hedge Funds Weigh In On Orange County Bancorp
Several hedge funds have recently modified their holdings of the stock. Hennessy Advisors Inc. lifted its stake 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 acquiring an additional 13,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Orange County Bancorp by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 23,208 shares of the company's stock valued at $1,002,000 after purchasing an additional 642 shares during the period. Coombe Bender & Co LLC lifted 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 last quarter. SG Americas Securities LLC grew its holdings in Orange County Bancorp by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 2,786 shares of the company's stock worth $168,000 after purchasing an additional 461 shares during the period. Finally, First Horizon Advisors Inc. bought a new stake in Orange County Bancorp in the third quarter valued at approximately $108,000. Institutional investors own 42.55% of the company's stock.
About Orange County Bancorp
(
Get Free Report)
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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