Orange County Bancorp (OBT) to Release Earnings on Wednesday

Orange County Bancorp (NASDAQ:OBT) is expected to be releasing its earnings data before the market opens on Wednesday, January 29th. Analysts expect Orange County Bancorp to post earnings of $0.68 per share for the quarter.

Orange County Bancorp (NASDAQ:OBT) last posted its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.44). 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%. On average, analysts expect Orange County Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Orange County Bancorp Trading Up 0.8 %

NASDAQ OBT opened at $26.67 on Tuesday. Orange County Bancorp has a one year low of $20.50 and a one year high of $33.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $302.65 million, a P/E ratio of 10.42 and a beta of 0.43. The stock’s 50-day moving average is $28.12 and its 200-day moving average is $28.37.

Orange County Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.50 annualized dividend and a yield of 1.87%. Orange County Bancorp’s dividend payout ratio (DPR) is currently 19.53%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price objective on shares of Orange County Bancorp from $33.00 to $35.50 and gave the stock an “overweight” rating in a research report on Friday, December 13th.

Insiders Place Their Bets

In other Orange County Bancorp news, insider Joseph A. Ruhl sold 1,820 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $28.88, for a total transaction of $52,552.50. Following the sale, the insider now directly owns 28,928 shares of the company’s stock, valued at $835,296. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael Listner sold 1,178 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $29.70, for a total value of $34,986.60. Following the completion of the transaction, the senior vice president now owns 6,144 shares of the company’s stock, valued at $182,476.80. The trade was a 16.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,850 shares of company stock worth $110,969. Corporate insiders own 10.50% of the company’s stock.

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.