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Orange County Bancorp (NASDAQ:OBT) Bolsa, Informe de interés en corto

Orange County Bancorp

Orange County Bancorp Inc provides banking services. Its services include personal banking services such as personal loans, personal savings, business loans, business savings, and Internet banking among others. The company provides commercial and consumer banking services to individuals, small businesses, and local municipal governments as well as trust and investment services through the Bank and HVIA. Its segment includes banking and wealth management. The company generates maximum revenue from the banking segment.

Orange County Bancorp, Inc. - Common Stock

Orange County Bancorp Inc

Orbital Corp Ltd

News

Offerings

Orange County Bancorp Announced A Two-For-One Forward Stock Split

Piper Sandler analyst Mark Fitzgibbon maintains Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) with a Overweight and raises the price target from $66 to $71.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Orange County Bancorp, Raises Price Target to $71

Orange County Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>), parent company of Orange Bank &amp; Trust Company and Hudson Valley Investment Advisors, Inc. today announced a $0.02 increase and a declaration of a $0.25 cash dividend per share of its common stock. The dividend will be paid on December 16, 2024 to shareholders of record on December 4, 2024.

Dividends

Orange County Bancorp Increases Quarterly Cash Dividend From $0.23 To $0.25 Per Share

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Piper Sandler analyst Mark Fitzgibbon maintains Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) with a Overweight and lowers the price target from $69 to $66.

Piper Sandler Maintains Overweight on Orange County Bancorp, Lowers Price Target to $66

Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $1.50 by 62 percent.

Earnings

Earnings Misses

Orange County Bancorp Q3 2024 GAAP EPS $0.57 Misses $1.50 Estimate

Unity Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/unty#NASDAQ">UNTY</a>) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10.31%. A quarter ago, it was expected that this bank holding company would post earnings of $0.94 per share when it actually produced earnings of $0.93, delivering a surprise of -1.06%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Unity Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $27.66 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.79%. This compares to year-ago revenues of $25.58 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Unity Bancorp shares have added about 11.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 21.2%.
<h2>What&#39;s Next for Unity Bancorp?</h2>
While Unity Bancorp has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Unity Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.98 on $26.91 million in revenues for the coming quarter and $3.80 on $104.47 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Orange County Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/obt#NASDAQ">OBT</a>), has yet to report results for the quarter ended September 2024.
This company is expected to post quarterly earnings of $1.43 per share in its upcoming report, which represents a year-over-year change of -11.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Orange County Bancorp, Inc.&#39;s revenues are expected to be $26.6 million, up 3.4% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2349133/unity-bancorp-unty-surpasses-q3-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2349133">To read this article on Zacks.com click here.</a>

Earnings Beats

Small Cap

Markets

Trading Ideas

UNTY

Unity Bancorp Surpasses Q3 Earnings and Revenue Estimates

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen:
<h2>Orange County Bancorp, Inc.</h2>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/obt#NASDAQ">OBT</a>) is one of them. Here are the key reasons why this stock is a solid choice for &quot;trend&quot; investing.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. OBT is quite a good fit in this regard, gaining 31.2% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 3.8% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, OBT is currently trading at 91.7% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in OBT may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2327470/orange-county-bancorp-inc-obt-is-a-great-choice-for-trend-investors-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2327470">To read this article on Zacks.com click here.</a>

Orange County Bancorp, Inc. Is a Great Choice for 'Trend' Investors, Here's Why

Orange Country Bancorp shares are trading lower. The company reported Q2 financial results.

Piper Sandler analyst Mark Fitzgibbon maintains Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) with a Overweight and raises the price target from $53 to $69.

Piper Sandler Maintains Overweight on Orange County Bancorp, Raises Price Target to $69

Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.34 by 8.96 percent. The company reported quarterly sales of $36.30 million which beat the analyst consensus estimate of $25.40 million by 42.91 percent. This is a 40.22 percent increase over sales of $25.89 million the same period last year.

Orange County Bancorp Q2 2024 Adj EPS $1.46 Beats $1.34 Estimate, Sales $36.30M Beat $25.40M Estimate

Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) reported quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.35 by 22.22 percent. This is a 28.91 percent increase over earnings of $1.28 per share from the same period last year.

Orange County Bancorp Q1 EPS $1.65 Beats $1.35 Estimate

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the financial services sector:</h2>
<ol>
<li>Crescent Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCAP#NASDAQ">CCAP</a>) - P/E: 7.19</li>
<li>Mid Penn Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPB#NASDAQ">MPB</a>) - P/E: 8.93</li>
<li>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) - P/E: 7.74</li>
<li>Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) - P/E: 8.79</li>
<li>United Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBFO#NASDAQ">UBFO</a>) - P/E: 6.45</li>
</ol>
Crescent Capital BDC has reported Q4 earnings per share at $0.61, which has increased by 3.39% compared to Q3, which was 0.59. Most recently, Mid Penn Bancorp reported earnings per share at $0.73, whereas in Q3 earnings per share sat at $0.57. The company's most recent dividend yield sits at 3.35%, which has decreased by 0.86% from 4.21% last quarter. 
Most recently, Orrstown Finl Servs reported earnings per share at $0.83, whereas in Q3 earnings per share sat at $0.87. Its most recent dividend yield is at 2.8%, which has decreased by 1.15% from 3.95% in the previous quarter.
Orange County Bancorp saw a decrease in earnings per share from 1.61 in Q3 to $1.44 now. The company's most recent dividend yield sits at 1.92%, which has decreased by 0.06% from 1.98% last quarter. 
United Security's earnings per share for Q4 sits at $0.31, whereas in Q3, they were at 0.23. Most recently, the company reported a dividend yield of 5.59%, which has decreased by 1.07% from last quarter's yield of 6.66%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

CCAP

ORRF

UBFO

Overview Of Value Stocks In The Financial Services Sector

Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) reported quarterly earnings of $1.44 per share which beat the analyst consensus estimate of $1.34 by 7.46 percent. This is a 10.56 percent decrease over earnings of $1.61 per share from the same period last year. The company reported quarterly sales of $25.89 million which beat the analyst consensus estimate of $24.55 million by 5.47 percent. This is a 0.05 percent decrease over sales of $25.91 million the same period last year.

Orange County Bancorp Q4 EPS $1.44 Beats $1.34 Estimate, Sales $25.89M Beat $24.55M Estimate

Thursday marks the last chance for investors to receive the next dividend payout from Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 23 cents per share. On Friday, Orange County Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 23 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own OBT as of the end of Thursday's session are eligible to receive the 23 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 15, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Orange County Bancorp <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Orange County Bancorp: Dividend Insights

Piper Sandler analyst Alexander Twerdahl maintains Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) with a Overweight and raises the price target from $49 to $51.

Piper Sandler Maintains Overweight on Orange County Bancorp, Raises Price Target to $51

Orange County Bancorp Q3 EPS $1.61

Significant Milestone Reflects Bank&#39;s Continued Growth
MIDDLETOWN, NY / ACCESSWIRE / June 26, 2023 /&nbsp;Orange County Bancorp, Inc. (the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>), parent company of Orange Bank &amp; Trust Co. (the &quot;Bank&quot;) and Hudson Valley Investment Advisors, Inc. (&quot;HVIA&quot;) announced today it has been added to the Russell 2000&acirc; Index, one of the most widely watched stock market indexes comprised of 2,000 small-cap US companies.
The recognition represents a significant milestone in the Company&#39;s 131-year history, reflecting its continued growth and reputation as an important contributor to New York&#39;s Hudson Valley small business economy. The last full year ending December 31, 2022, was the Company&#39;s most successful on record, with&nbsp;$24.4 million&nbsp;in earnings representing a&nbsp;$3.1 million, or&nbsp;14.4%, increase over 2021. The Bank also grew its loan portfolio&nbsp;$278 million, or&nbsp;21.5%, during the period, to&nbsp;$1.6 billion, and saw total deposits reach approximately&nbsp;$2.0 billion&nbsp;both as of year end 2022.
&quot;Earning a position in the Russell 2000 Index - one of the most closely followed stock market indexes in the country and seen by many as a true bellweather of the economy - is a testament to our Company&#39;s outstanding growth and the successful model we&#39;ve built for regional business banking,&quot; said Michael J. Gilfeather, Company President and CEO. &quot;The additional visibility the Russell 2000 Index provides encourages us to continue to expand the quality of service and results we seek to deliver to our clients and investors every day.&quot;
Widely regarded as the Hudson Valley&#39;s premier financial institution for commercial lending, business banking, and wealth management services, the Company has more than&nbsp;$2.4 billion&nbsp;in assets and plays a vital role in spurring region-defining real estate projects, creating jobs for generations of residents, servicing regional municipalities, and maximizing investment in community-serving non-profits. The Bank operates 15 offices across New York&#39;s Orange, Rockland, Westchester and Bronx Counties, and employs more than 200 of the industry&#39;s most knowledgeable and client-focused bankers.

Orange County Bancorp, Inc. Announces Inclusion In Russell 2000 Index

Orange County Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.48 by 8.78 percent. This is a 65.98 percent increase over earnings of $0.97 per share from the same period last year.

Orange County Bancorp Q4 EPS $1.61 Beats $1.48 Estimate

Orange County Bancorp, Inc. (the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>), parent company of Orange Bank &amp; Trust Co. (the &quot;Bank&quot;) announced today the retirement of Robert Peacock, Senior Executive Vice President and Chief Financial Officer, effective March 15, 2023. He will be succeeded by Michael Lesler, who currently serves as Senior Vice President and Chief Accounting Officer and Controller.
&quot;Rob has been a valued member of our executive team since he joined us in 2018 and his expertise and stewardship have been important to the bank&#39;s strategic direction and growth,&quot; said Michael Gilfeather, President and CEO. &quot;We are tremendously grateful for his tireless commitment, sound judgement and steadfast leadership. I know I speak on behalf of everyone here at the Bank when I say Rob will be greatly missed.&quot;
&quot;Fortunately, the impact of this transition will be softened by the Bank&#39;s leadership succession plan, which over a year ago identified the need to supplement senior management with someone with significant financial experience, knowledge, and leadership potential. This led to Michael joining our team, with the presumption he could eventually assume the CFO role,&quot; Gilfeather added. &quot;Since then, Michael&#39;s demonstrated financial management experience, as well as strategic and operational savvy, have played a critical role in developing and executing our strategy. This and his deep understanding of our operating environment, industry, and organization made the decision to make Michael our next CFO an easy one. I congratulate him on his new role and responsibilities.&quot;
Lesler joined the Bank in 2021 with over 20 years of banking industry experience, including extensive executive leadership roles in financial and operational management. Prior to joining, Lesler served as Executive Vice President and Chief Operating Officer of BCB Bank and, prior to that, held the same role at Clifton Savings Bank. He also held the positions of Chief Financial Officer, Chief Operating Officer, and President at Bank of New Jersey, where he served for 11 years.
&quot;Building on the disciplined momentum generated by Rob and Michael represents an incredibly exciting opportunity,&quot; said Lesler. &quot;I couldn&#39;t be more excited to continue my efforts and collaboration with this great team as CFO.&quot;

Management

Orange County Bancorp Announces Retirement Of CFO Robert Peacock In 2023, Says Senior Vice President, Chief Accounting Officer Michael Lesler To Succeed Peacock

Press Releases

Orange Bank & Trust Company Grows Private Banking Team

Orange County Bancorp, Inc. Announces the Appointment of Jon Schiller to the Board of Directors

Orange County Bancorp, Inc. Announces Third Quarter 2024 results:

Orange County Bancorp, Inc. Declares Cash Dividend

Orange County Bancorp, Inc. Declares Two-for-One Stock Split

Politics

Orange County Bancorp, Inc. Adjusts Stock Split Record Date as US Markets Close on January 9 in Honor of National Day of Mourning for Former President Jimmy Carter

Orange County Bancorp, Inc. Announces Strategic Realignment of Internal Divisions to Enhance its Wealth Management Services

Orange County Bancorp, Inc. Announces Fourth Quarter and Full-Year Earnings for Fiscal 2024

Orange Bank & Trust Promotes Two Officers to Support the Growth of Orange Wealth Management

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