Orange County Bancorp, Inc. (NASDAQ:OBT) Announces Quarterly Dividend of $0.18

Orange County Bancorp, Inc. (NASDAQ:OBT – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.18 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 4th.

Orange County Bancorp has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings.

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Orange County Bancorp Stock Down 1.0%

Shares of NASDAQ OBT opened at $33.77 on Tuesday. The firm has a market cap of $452.86 million, a price-to-earnings ratio of 9.93 and a beta of 0.43. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.12. Orange County Bancorp has a 52-week low of $22.84 and a 52-week high of $37.99. The business’s 50 day moving average is $33.92 and its two-hundred day moving average is $31.48.

Orange County Bancorp (NASDAQ:OBT – Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Orange County Bancorp had a return on equity of 16.09% and a net margin of 27.54%.The company had revenue of $32.08 million for the quarter, compared to analyst estimates of $32.30 million.

About Orange County Bancorp

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Orange County Bancorp, Inc (NASDAQ: OBT) is the bank holding company for Orange County Trust Bank, a community banking franchise headquartered in Goshen, New York. The company provides a full suite of financial services to individuals, small businesses and local organizations across Orange County and the surrounding Hudson Valley region.

Orange County Bancorp offers depository products that include checking and savings accounts, money market funds and certificates of deposit. On the lending side, the company extends commercial real estate and business loans, residential mortgage loans, consumer installment loans and home equity financing.

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