Hovde Group initiated coverage on Orange County Bancorp with a new price target
$OBT
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Hovde Group initiated coverage of Orange County Bancorp with a rating of Outperform and set a new price target of $30.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/12/2025 | $30.50 | Outperform | Hovde Group |
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
Highlights include: Net interest margin of 3.95% for the quarter ended March 31, 2025 increased 31 basis points, or 8.5%, versus 3.64% for the quarter ended March 31, 2024Total Deposits grew $128.3 million, or 6.0%, reaching $2.3 billion at March 31, 2025 as compared to $2.2 billion at December 31, 2024Total Loans of $1.9 billion at March 31, 2025 increased $38.5 million, or 2.1%, from $1.8 billion at December 31, 2024Net Income reached $8.7 million for the three months ended March 31, 2025 representing a decrease of $586 thousand, or 6.3%, as compared to $9.3 million for the three months ended March 31, 2024Trust and investment advisory income rose $553 thousand, or 19.2%, to $3.4 millio
MIDDLETOWN, N.Y., March 24, 2025 (GLOBE NEWSWIRE) -- Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (NASDAQ:OBT), is pleased to announce the promotion of two officers to support the ongoing expansion of Orange Wealth Management. Carla Alfieri has been promoted to Senior Vice President, Director of Private Banking and Jacqueline Weimmer will serve as Director of Trust Services. As Senior Private Banking Officer, Alfieri will lead the Bank's private banking division, focusing on managing relationships with high-net-worth clients. She will oversee the development of personalized financial solutions, identify new opportunities to grow the secto
MIDDLETOWN, N.Y., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (NASDAQ:OBT), parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. today announced a declaration of a $0.13 cash dividend per share of its common stock. The dividend will be paid on March 17, 2025 to shareholders of record on March 4, 2025. About Orange County Bancorp Inc.Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its c
Hovde Group initiated coverage of Orange County Bancorp with a rating of Outperform and set a new price target of $30.50
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
Highlights include: Net interest margin of 3.95% for the quarter ended March 31, 2025 increased 31 basis points, or 8.5%, versus 3.64% for the quarter ended March 31, 2024Total Deposits grew $128.3 million, or 6.0%, reaching $2.3 billion at March 31, 2025 as compared to $2.2 billion at December 31, 2024Total Loans of $1.9 billion at March 31, 2025 increased $38.5 million, or 2.1%, from $1.8 billion at December 31, 2024Net Income reached $8.7 million for the three months ended March 31, 2025 representing a decrease of $586 thousand, or 6.3%, as compared to $9.3 million for the three months ended March 31, 2024Trust and investment advisory income rose $553 thousand, or 19.2%, to $3.4 millio
MIDDLETOWN, N.Y., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (NASDAQ:OBT), parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. today announced a declaration of a $0.13 cash dividend per share of its common stock. The dividend will be paid on March 17, 2025 to shareholders of record on March 4, 2025. About Orange County Bancorp Inc.Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its c
Net Interest Income increased $3.4 million, or 3.8%, to $91.8 million for the year ended December 31, 2024, from $88.4 million for the year ended December 31, 2023Net Interest Margin grew 5 basis points to 3.83% for the year ended December 31, 2024, from 3.78% for the year ended December 31, 2023Total Loans grew $68.7 million, or 3.9%, to $1.8 billion at December 31, 2024 as compared to $1.7 billion at December 31, 2023.Total Deposits rose $114.6 million, or 5.6%, to $2.2 billion at December 31, 2024, from $2.0 billion at year-end 2023Book value per share increased $1.72, or 11.8%, to $16.35 at December 31, 2024, from $14.63 at December 31, 2023Trust and investment advisory income rose $470
10-Q - Orange County Bancorp, Inc. /DE/ (0001754226) (Filer)
8-K - Orange County Bancorp, Inc. /DE/ (0001754226) (Filer)
8-K - Orange County Bancorp, Inc. /DE/ (0001754226) (Filer)
MIDDLETOWN, NY / ACCESSWIRE / September 25, 2024 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announced today the appointment of Jonathan Schiller, RPh, MBA, to the Company's and the Bank's Boards of Directors effective October 1, 2024."Jon is a proven business leader and entrepreneur with a unique background comprised of scientific and analytic experience. He will be an exceptional addition to the Board," said Michael Gilfeather, Company President and CEO. "We welcome his expertise and participation overseeing the future affairs of the Company and the Bank."Schiller is an entrepreneur with vast senior leadership experienc
HIRES KEITH BLACKMAN AS PRIVATE BANKING OFFICER MIDDLETOWN NY / ACCESSWIRE / September 9, 2024 / Orange Bank & Trust Company, an economic engine of New York's Hudson Valley for more than 132 years, is pleased to announce that Keith Blackman has joined the Bank's Private Banking Division as AVP and Private Banking Officer in Goshen. "We are thrilled that Keith has joined our team, and know he will be an invaluable asset to our clients," said David Dineen, SVP Director of Wealth Services at Orange Bank & Trust Company. "His extensive experience with Private Banking makes him a tremendous addition to our organization and underscores our efforts to continually enhance this area of specializatio
Cynthia Hand, Esq., Joins the Bank's Goshen Location MIDDLETOWN, NY / ACCESSWIRE / July 15, 2024 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company")(NASDAQ:OBT), is pleased to announce that Cynthia Hand, Esq. has joined the Bank's Trust Services Division as Vice President and Trust Officer in Goshen."We are delighted to welcome Cynthia to our team," said Michael Gilfeather, President and CEO of Orange Bank & Trust Company. "Her combined skills in trusts and estate planning, and involvement in the local community, will complement our dedicated Trust team and support our efforts as we expand this growing area of expertise."Cynthia c
SC 13G/A - Orange County Bancorp, Inc. /DE/ (0001754226) (Subject)
SC 13G/A - Orange County Bancorp, Inc. /DE/ (0001754226) (Subject)
SC 13G - Orange County Bancorp, Inc. /DE/ (0001754226) (Subject)