Orange County Bancorp (OBT) AI Stock Analysis

• Market Cap: $267.86M
• Dividend Yield: 2.06%
• Average Volume (3M): 16.23K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.93
• Revenue Growth: 9.15%
• EPS Growth: -5.68%
• Country: US
• Employees: 225
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): 2.47
• Shares Outstanding: 11,383,738
• 10 Day Avg. Volume: 18,576
• 30 Day Avg. Volume: 16,232
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.55
• Price to Cash Flow (P/CF): 5.40
• P/FCF Ratio: 3.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $35.00
• Price Target Upside: 48.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Orange County Bancorp's overall stock score reflects its solid financial performance and stable valuation, but technical indicators suggest a negative short-term outlook. The absence of debt and stable equity are strengths, though cash flow issues need attention.

Orange County Bancorp Business Overview & Revenue Model

Company Description

Orange County Bancorp, Inc., through its subsidiaries, provides commercial and consumer banking products and services, and trust and wealth management services to small businesses, middle-market enterprises, local municipal governments, and affluent individuals. It accepts various deposit products, including interest-bearing and noninterest-bearing demand accounts, money market deposit accounts, savings accounts, and certificates of deposit. The company also offers commercial real estate loans, commercial and industrial loans, commercial real estate construction loans, residential real estate loans, home equity loans, and consumer loans. In addition, it provides traditional trust and administration, asset management, financial planning, and wealth management services. The company operates 14 full-service branches and one loan production office in Orange, Westchester, Rockland, and Bronx counties in New York. Orange County Bancorp, Inc. was founded in 1892 and is headquartered in Middletown, New York.

How the Company Makes Money

Orange County Bancorp makes money primarily through the interest income generated from its loan portfolio, which includes commercial loans, residential mortgages, and consumer loans. The company also earns revenue from non-interest income sources, such as fees for account services, transaction processing, and wealth management services. Additionally, the bank invests in securities, which contributes to its earnings through interest and dividends. The company's earnings are further supported by its strategic focus on building strong customer relationships and maintaining a diverse range of financial products tailored to meet the needs of its local community.

Orange County Bancorp Financial Statement Overview

Summary

Orange County Bancorp shows strong revenue growth and operational efficiency with debt-free status. However, challenges in net income margins and cash flow management present potential risks.

Income Statement

Orange County Bancorp has demonstrated strong revenue growth, with a significant increase from $59.7 million in 2020 to $127.2 million in 2024. The gross profit margin remains high at 100%, as expected in the banking industry, where cost of goods sold is minimal. The net profit margin decreased slightly from 31.4% in 2023 to 21.9% in 2024, indicating increased expenses or lower efficiency. Nevertheless, the EBIT margin improved significantly from 39.5% in 2023 to 95.3% in 2024, showcasing strong operational performance. Overall, the income statement reflects robust revenue growth and operational efficiency but highlights potential concerns in net income management.

Balance Sheet

The balance sheet indicates a strong equity base with stockholders' equity increasing from $165.4 million in 2023 to $185.5 million in 2024. The debt-to-equity ratio is excellent at 0, reflecting a debt-free position in 2024. The return on equity declined from 17.8% in 2023 to 15.0% in 2024, suggesting a slight decrease in profitability relative to equity. The equity ratio remains stable, covering a healthy portion of total assets. Overall, the balance sheet portrays financial stability with solid equity growth and no debt, though there is a slight dip in profitability.

Cash Flow

Cash flow analysis shows a decrease in operating cash flow from $44.5 million in 2023 to $5.66 million in 2024, which could indicate liquidity concerns or increased operational costs. The free cash flow also decreased significantly from $40.96 million in 2023 to $5.66 million in 2024, reflecting tight cash management. The operating cash flow to net income ratio dropped significantly, indicating a weakening cash conversion. While the company has managed cash effectively in the past, recent figures suggest a need for improved cash flow management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
127.23M	93.94M	89.87M	72.03M	59.71M
	Gross Profit
127.23M	93.94M	89.87M	72.03M	59.71M
	EBIT
121.30M	37.15M	36.41M	26.68M	14.52M
	EBITDA
0.00	39.12M	31.97M	28.34M	15.80M
	Net Income Common Stockholders
27.88M	29.48M	24.36M	21.29M	11.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
594.11M	147.38M	619.54M	770.98M	451.34M
	Total Assets
2.51B	2.49B	2.29B	2.14B	1.66B
	Total Debt
143.09M	254.02M	282.45M	22.38M	22.32M
	Net Debt
-7.24M	106.64M	196.37M	-283.80M	-98.91M
	Total Liabilities
2.32B	2.32B	2.15B	22.38M	22.32M
	Stockholders Equity
185.53M	165.38M	138.14M	182.84M	135.42M
Cash Flow		Free Cash Flow
32.87M	40.96M	28.94M	18.36M	10.65M
	Operating Cash Flow
34.60M	44.50M	30.48M	20.32M	11.34M
	Investing Cash Flow
-29.42M	-144.92M	-434.11M	-291.31M	-330.96M
	Financing Cash Flow
-2.23M	161.72M	183.53M	455.93M	415.74M

Orange County Bancorp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 23.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OBT, the sentiment is Neutral. The current price of 23.53 is above the 20-day moving average (MA) of 23.04, below the 50-day MA of 24.35, and below the 200-day MA of 26.99, indicating a neutral trend. The MACD of -0.61 indicates Negative momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 47.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OBT.

Orange County Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CZFS	75 Outperform	$266.10M	9.56	9.60%	3.50%	22.34%	51.03%
FNLC	73 Outperform	$261.87M	9.63	10.91%	6.11%	15.18%	-8.96%
PCB	69 Neutral	$265.61M	10.63	7.23%	4.01%	18.57%	-18.14%
OBT	67 Neutral	$267.86M	9.54	15.89%	2.06%	9.15%	-5.68%
WSBF	64 Neutral	$235.01M	12.12	5.47%	4.93%	12.23%	119.35%
Sector *	63 Neutral	$12.75B	9.36	8.64%	84.32%	13.82%	-3.89%
SFST	60 Neutral	$259.12M	16.57	4.83%	―	13.81%	15.38%

Orange County Bancorp Corporate Events

Orange County Bancorp Outlines Growth Strategy at Conference

Orange County Bancorp, Inc., the parent company of Orange Bank & Trust and Hudson Valley Investment Advisors, presented its growth strategy and financial performance at the Piper Sandler East Coast Financial Services Conference. With a strong presence in the Hudson Valley region, the company focuses on small to medium-sized businesses, offering diverse banking and investment services. As of Q3 2024, Orange County Bancorp recorded $2.5 billion in total assets and aims to leverage client relationships for organic growth, expand its deposit franchise, and explore strategic expansion opportunities.