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

Orange County Bancorp, Inc. (NASDAQ:OBT) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Friday, September 4th will be given a dividend of 0.18 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th.

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

Orange County Bancorp Trading Down 1.2%

NASDAQ OBT opened at $37.50 on Wednesday. The company has a market capitalization of $502.88 million, a price-to-earnings ratio of 10.56 and a beta of 0.41. The company’s fifty day moving average price is $37.82 and its two-hundred day moving average price is $35.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.91. Orange County Bancorp has a 12 month low of $23.25 and a 12 month high of $40.10.

Orange County Bancorp (NASDAQ:OBT) last issued its earnings results on Tuesday, July 28th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.22. The firm had revenue of $27.82 million for the quarter, compared to analyst estimates of $33.00 million. Orange County Bancorp had a return on equity of 16.44% and a net margin of 30.80%.

About Orange County Bancorp

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.