Orange County Bancorp, Inc. (NASDAQ:OBT – Get Free Report) EVP Michael J. Coulter sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $51.84, for a total value of $51,840.00. Following the completion of the sale, the executive vice president now owns 5,201 shares of the company’s stock, valued at approximately $269,619.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Orange County Bancorp Stock Performance
OBT opened at $48.25 on Wednesday. The stock has a market cap of $273.10 million, a PE ratio of 7.65 and a beta of 0.28. Orange County Bancorp, Inc. has a 1 year low of $28.21 and a 1 year high of $64.01. 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 current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.54.
Orange County Bancorp (NASDAQ:OBT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.30. Orange County Bancorp had a net margin of 26.05% and a return on equity of 23.31%. The company had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $24.90 million. Sell-side analysts forecast that Orange County Bancorp, Inc. will post 5.5 EPS for the current year.
Orange County Bancorp Announces Dividend
Hedge Funds Weigh In On Orange County Bancorp
A number of hedge funds have recently modified their holdings of OBT. SG Americas Securities LLC boosted its stake in Orange County Bancorp by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 2,786 shares of the company’s stock valued at $168,000 after buying an additional 461 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Orange County Bancorp by 2.8% during 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 stake in shares of Orange County Bancorp in the 3rd quarter valued at $60,000. Coombe Bender & Co LLC boosted its stake in shares of 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 in the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of Orange County Bancorp in the 3rd quarter worth about $108,000. 42.55% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Orange County Bancorp
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Garmin Navigates to New Highs Driven By Wearables Trend
- Consumer Staples Stocks, Explained
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- Investing in Travel Stocks Benefits
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Orange County Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange County Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.