Orange County Bancorp, Inc. /DE/
No enriched coverage for $OBT in the last 7 days.
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Orange County Bancorp (NASDAQ:OBT) reported earnings of $0.85 EPS for the quarter, surpassing the consensus estimate by $0.07. Despite missing revenue estimates slightly, the company's shares rose by about 2.5% to $36.27 following the announcement. Analysts currently hold a "Moderate Buy" rating for OBT, with an average target price of $37.00.
Orange County Bancorp CEO Michael J. Gilfeather recently purchased 200 shares of OBT stock for $6,249 but also disposed of 6,189 shares worth $192,787 to cover tax obligations. Following these transactions, Gilfeather directly owns 129,449 shares and indirectly 16,400 shares, alongside restricted stock units and phantom stock. The company's shares have risen 26% in six months, and it offers a 2.25% dividend yield with a P/E ratio of 9.6.
Orange Bank & Trust Company has promoted Joseph A. Ruhl to Senior Executive Vice President. Ruhl joined the bank in 2015 and has been instrumental in expanding its presence in Westchester County and the Northern Hudson Valley. The announcement highlights his leadership in commercial expansion, deposit-gathering initiatives, and strong client relationships.
