Orange County Bancorp, Inc. (NASDAQ:OBT) Insider Joseph A. Ruhl Sells 910 Shares

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

Orange County Bancorp Stock Performance

OBT opened at $59.50 on Friday. The firm has a market cap of $337.37 million, a P/E ratio of 11.62 and a beta of 0.36. Orange County Bancorp, Inc. has a 52-week low of $41.00 and a 52-week high of $66.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. The business’s fifty day moving average is $57.70 and its 200-day moving average is $54.06.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Orange County Bancorp

Several large investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in Orange County Bancorp by 183.2% in the third 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. Geode Capital Management LLC raised its position 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 raised its position in Orange County Bancorp by 5.7% in the third quarter. State Street Corp now owns 74,966 shares of the company’s stock valued at $4,522,000 after purchasing an additional 4,060 shares during the last quarter. Quadrature Capital Ltd bought a new position in Orange County Bancorp in the third quarter valued at about $379,000. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position 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 purchasing an additional 4,408 shares during the last quarter. 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.