Orange County Bancorp, Inc. (NASDAQ:OBT) Insider Sells $52,552.50 in Stock

Orange County Bancorp, Inc. (NASDAQ:OBT) insider Joseph A. Ruhl sold 910 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $57.75, for a total transaction of $52,552.50. Following the completion of the transaction, the insider now directly owns 14,464 shares of the company’s stock, valued at approximately $835,296. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Orange County Bancorp Stock Up 1.1 %

Shares of NASDAQ:OBT opened at $59.50 on Monday. The firm has a fifty day moving average price of $57.70 and a two-hundred day moving average price of $54.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. Orange County Bancorp, Inc. has a one year low of $41.00 and a one year high of $66.11. The company has a market cap of $337.37 million, a price-to-earnings ratio of 11.62 and a beta of 0.36.

Orange County Bancorp (NASDAQ:OBT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.86). Orange County Bancorp had a net margin of 20.31% and a return on equity of 16.37%. The firm had revenue of $35.61 million during the quarter, compared to the consensus estimate of $26.60 million. Analysts anticipate that Orange County Bancorp, Inc. will post 5.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price objective on shares of Orange County Bancorp from $69.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, October 31st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Orange County Bancorp during the 3rd quarter valued at $110,000. Quadrature Capital Ltd purchased a new stake in shares of Orange County Bancorp during the 3rd quarter valued at $379,000. Dimensional Fund Advisors LP raised its position in shares of Orange County Bancorp by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,564 shares of the company’s stock valued at $399,000 after buying an additional 674 shares in the last quarter. Barclays PLC raised its position in shares of Orange County Bancorp by 183.2% during the 3rd quarter. Barclays PLC now owns 7,934 shares of the company’s stock valued at $478,000 after buying an additional 5,132 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Orange County Bancorp by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,730 shares of the company’s stock valued at $1,202,000 after buying an additional 1,376 shares in the last quarter. 42.55% of the stock is owned by institutional investors.

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.