Orange County Bancorp (NASDAQ:OBT - Get Free Report) issued its 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 company had revenue of $34.76 million for the quarter, compared to analysts' expectations 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
OBT traded up $3.76 on Thursday, hitting $49.49. The company's stock had a trading volume of 10,889 shares, compared to its average volume of 7,410. Orange County Bancorp has a 12 month low of $26.88 and a 12 month high of $64.01. The firm has a market cap of $280.11 million, a P/E ratio of 9.46 and a beta of 0.28. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.54. The company's 50 day simple moving average is $45.52 and its 200-day simple moving average is $47.83.
Orange County Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, March 1st. Orange County Bancorp's payout ratio is currently 17.59%.
About Orange County Bancorp
(
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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.
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