Core Points - Orange County Bancorp, Inc. announced a two-for-one forward stock split, with the record date set for January 8, 2025, and trading on a split-adjusted basis expected to begin on January 13, 2025 [1][2] - The stock split will increase the outstanding shares from approximately 5.7 million to 11.4 million, and the par value per share will be reduced from $0.50 to $0.25 [2] Company Overview - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., with total assets of approximately $2.5 billion [3]

MIDDLETOWN, N.Y., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (NASDAQ:OBT), parent company of Orange Bank & Trust Co. and Hudson Valley Investment Advisors, Inc., today announced that its Board of Directors declared a two-for-one forward stock split (the "Stock Split") of the Company's common stock. Each record holder of common stock on Thursday, January 9, 2025 will receive one additional share of common stock after the market close on Friday, January 10, 2025. Trading is expected to comm ...

Core Viewpoint - Orange County Bancorp, Inc. reported quarterly earnings of $0.57 per share, significantly missing the Zacks Consensus Estimate of $1.43 per share, representing an earnings surprise of -60.14% compared to $1.61 per share a year ago [1][2] Financial Performance - The company posted revenues of $27.14 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.04% and showing an increase from $25.72 million year-over-year [2] - Over the last four quarters, Orange County Bancorp has surpassed consensus revenue estimates four times [2] Stock Performance - Shares of Orange County Bancorp have declined approximately 4.4% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations of outperforming the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $27.2 million, and for the current fiscal year, it is $5.91 on revenues of $106.9 million [7] - The trend of estimate revisions for the company has been favorable ahead of the earnings release [6] Industry Context - The Banks - Northeast industry, to which Orange County Bancorp belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]

Investors might want to bet on Orange County Bancorp, Inc. (OBT) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Th ...

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Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.31%. A quarter ago, it was expected that this company would post earnings of $1.34 per share when it actually produced earnings of $1.65, delivering a surprise of 23.13%. Over the last four quarters, ...

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.13%. A quarter ago, it was expected that this company would post earnings of $1.41 per share when it actually produced earnings of $1.44, delivering a surprise of 2.13%.Over the last four quarters, th ...