Orange County Bancorp (NASDAQ:OBT) Issues Earnings Results, Beats Estimates By $0.30 EPS

Orange County Bancorp (NASDAQ:OBT) released its quarterly earnings results on Wednesday. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.30, Yahoo Finance reports. The firm had revenue of $34.76 million for the quarter, compared to the consensus estimate of $24.90 million. Orange County Bancorp had a return on equity of 22.06% and a net margin of 22.47%.

Orange County Bancorp Stock Performance

Shares of OBT stock traded up $0.77 during midday trading on Thursday, hitting $46.50. The company had a trading volume of 3,003 shares, compared to its average volume of 7,316. The company’s 50 day simple moving average is $45.52 and its 200 day simple moving average is $47.83. Orange County Bancorp has a 52-week low of $26.88 and a 52-week high of $64.01. The stock has a market cap of $263.19 million, a price-to-earnings ratio of 8.89 and a beta of 0.28. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.91 and a quick ratio of 0.91.

Orange County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.23 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.92 annualized dividend and a dividend yield of 1.98%. Orange County Bancorp’s dividend payout ratio (DPR) is currently 17.59%.

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.