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 company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $57.75, for a total value of $52,552.50. Following the transaction, the insider now directly owns 14,464 shares in the company, valued at approximately $835,296. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Orange County Bancorp Price Performance

Shares of Orange County Bancorp stock traded up $0.63 on Friday, hitting $59.50. 13,899 shares of the company were exchanged, compared to its average volume of 11,314. The company has a 50-day moving average price of $57.68 and a 200 day moving average price of $54.01. The stock has a market capitalization of $337.37 million, a price-to-earnings ratio of 11.50 and a beta of 0.36. 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, Inc. has a 1-year low of $41.00 and a 1-year high of $66.11.

Orange County Bancorp (NASDAQ:OBT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.86). Orange County Bancorp had a return on equity of 16.37% and a net margin of 20.31%. The business had revenue of $35.61 million for the quarter, compared to analyst estimates of $26.60 million. As a group, sell-side analysts predict that Orange County Bancorp, Inc. will post 5.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Orange County Bancorp by 183.2% in the 3rd quarter. Barclays PLC now owns 7,934 shares of the company’s stock valued at $478,000 after purchasing an additional 5,132 shares during the last quarter. Geode Capital Management LLC increased its stake in Orange County Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 111,414 shares of the company’s stock valued at $6,722,000 after purchasing an additional 1,649 shares during the last quarter. State Street Corp boosted its holdings in shares of Orange County Bancorp by 5.7% in the 3rd quarter. State Street Corp now owns 74,966 shares of the company’s stock valued at $4,522,000 after buying an additional 4,060 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Orange County Bancorp in the third quarter valued at $379,000. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in Orange County Bancorp by 0.7% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 602,918 shares of the company’s stock valued at $36,368,000 after acquiring an additional 4,408 shares in the last quarter. 42.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.