Orange County Bancorp, Inc. (OBT) To Go Ex-Dividend on March 4th

Orange County Bancorp, Inc. (NASDAQ:OBT) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.13 per share on Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Orange County Bancorp’s previous quarterly dividend of $0.13.

Orange County Bancorp has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Orange County Bancorp to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 28.1%.

Orange County Bancorp Trading Up 0.7 %

Shares of OBT stock opened at $25.55 on Friday. The stock has a 50 day simple moving average of $26.57 and a 200 day simple moving average of $28.04. The stock has a market cap of $289.94 million, a P/E ratio of 10.34 and a beta of 0.41. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Orange County Bancorp has a 1 year low of $21.00 and a 1 year high of $33.06.

Orange County Bancorp (NASDAQ:OBT) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.05). Orange County Bancorp had a return on equity of 15.51% and a net margin of 19.47%. On average, research analysts predict that Orange County Bancorp will post 2.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Orange County Bancorp Company Profile

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.