Orange County Bancorp (NASDAQ:OBT - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05), Zacks reports. Orange County Bancorp had a return on equity of 15.51% and a net margin of 19.47%.
Orange County Bancorp Stock Performance
Orange County Bancorp stock traded down $0.05 during midday trading on Friday, hitting $26.95. 18,287 shares of the company's stock were exchanged, compared to its average volume of 24,389. Orange County Bancorp has a 12-month low of $21.00 and a 12-month high of $33.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $305.88 million, a price-to-earnings ratio of 10.91 and a beta of 0.41. The firm's 50 day simple moving average is $27.50 and its 200 day simple moving average is $28.26.
Orange County Bancorp Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Wednesday, December 4th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.50 dividend on an annualized basis and a yield of 1.86%. Orange County Bancorp's dividend payout ratio is presently 20.24%.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler boosted their price objective on Orange County Bancorp from $33.00 to $35.50 and gave the stock an "overweight" rating in a research note on Friday, December 13th.
View Our Latest Research Report on Orange County Bancorp
Insiders Place Their Bets
In related news, insider Joseph A. Ruhl sold 1,820 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $28.88, for a total value of $52,552.50. Following the completion of the sale, the insider now owns 28,928 shares in the company, valued at $835,296. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by insiders.
About Orange County Bancorp
(
Get Free Report)
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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