Orange County Bancorp, Inc. (OBT) To Go Ex-Dividend on March 4th

Orange County Bancorp, Inc. (NASDAQ:OBT) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Wednesday, March 4th will be paid a dividend of 0.18 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, March 4th.

Orange County Bancorp has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Orange County Bancorp to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 22.0%.

Orange County Bancorp Trading Down 0.6%

Orange County Bancorp stock traded down $0.20 during trading hours on Monday, hitting $33.01. The stock had a trading volume of 1,692 shares, compared to its average volume of 55,104. The business’s 50 day simple moving average is $31.29 and its 200-day simple moving average is $27.85. Orange County Bancorp has a one year low of $20.97 and a one year high of $37.99. The stock has a market cap of $441.34 million, a price-to-earnings ratio of 9.94 and a beta of 0.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21.

Orange County Bancorp (NASDAQ:OBT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.18. Orange County Bancorp had a return on equity of 17.24% and a net margin of 26.32%.The company had revenue of $33.03 million during the quarter, compared to the consensus estimate of $31.40 million. On average, equities analysts predict that Orange County Bancorp will post 2.83 EPS for the current fiscal year.

Orange County Bancorp Company Profile

Orange County Bancorp, Inc (NASDAQ: OBT) is the bank holding company for Orange County Trust Bank, a community banking franchise headquartered in Goshen, New York. The company provides a full suite of financial services to individuals, small businesses and local organizations across Orange County and the surrounding Hudson Valley region.

Orange County Bancorp offers depository products that include checking and savings accounts, money market funds and certificates of deposit. On the lending side, the company extends commercial real estate and business loans, residential mortgage loans, consumer installment loans and home equity financing.