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

by · The Cerbat Gem

Orange County Bancorp, Inc. (NASDAQ:OBT – Get Free Report) declared a quarterly dividend on Thursday, November 20th. Investors of record on Thursday, December 4th will be given a dividend of 0.18 per share on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. This is a 38.5% increase from Orange County Bancorp’s previous quarterly dividend of $0.13.

Orange County Bancorp has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.72 annual dividend with an expected future payout ratio of 22.0%.

Orange County Bancorp Price Performance

Shares of NASDAQ:OBT opened at $27.07 on Tuesday. The firm has a 50 day simple moving average of $25.26 and a 200 day simple moving average of $25.59. The company has a market cap of $361.93 million, a price-to-earnings ratio of 8.96 and a beta of 0.44. Orange County Bancorp has a one year low of $20.97 and a one year high of $30.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91.

Orange County Bancorp (NASDAQ:OBT – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Orange County Bancorp had a return on equity of 15.98% and a net margin of 23.51%.The company had revenue of $33.73 million for the quarter, compared to the consensus estimate of $28.60 million. Research analysts predict that Orange County Bancorp will post 2.83 earnings per share for the current fiscal year.

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.

Read More