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

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

Orange County Bancorp Stock Performance

Shares of OBT stock traded up $0.77 during trading on Thursday, reaching $46.50. 2,895 shares of the company’s stock traded hands, compared to its average volume of 7,316. The firm’s 50-day moving average is $45.52 and its 200 day moving average is $47.83. The company has a market capitalization of $263.19 million, a P/E ratio of 8.74 and a beta of 0.28. Orange County Bancorp has a 1 year low of $26.88 and a 1 year high of $64.01. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.54.

Orange County Bancorp Dividend Announcement

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