Orange County Bancorp (OBT) AI Stock Analysis

• Market Cap: $303.38M
• Dividend Yield: 1.82%
• Average Volume (3M): 19.43K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.95
• Revenue Growth: 6.08%
• EPS Growth: -23.52%
• Country: US
• Employees: 225
• Sector: Financial
• Sector Strength: 88
• Industry: Banks - Regional
• EPS (TTM): 2.41
• Shares Outstanding: 11,383,738
• 10 Day Avg. Volume: 23,416
• 30 Day Avg. Volume: 19,435
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 2.44
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $30.00
• Price Target Upside: 12.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Orange County Bancorp's stock is rated positively due to solid financial performance and strong technical momentum. While revenue growth and debt management are commendable, cash flow issues need attention. The valuation appears fair, supporting a moderately optimistic outlook.

Orange County Bancorp Business Overview & Revenue Model

Company Description

Orange County Bancorp, Inc. (OBT) is a financial holding company headquartered in Middletown, New York. It primarily operates through its wholly-owned subsidiary, Orange Bank & Trust Company, which provides a comprehensive range of banking services and products to individuals and businesses. The bank focuses on offering personal and business banking services, including checking and savings accounts, loans, mortgages, and wealth management services, catering to customers in the Hudson Valley and surrounding areas.

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: Positive
• Last Price: 26.65
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OBT, the sentiment is Positive. The current price of 26.65 is above the 20-day moving average (MA) of 22.68, above the 50-day MA of 23.75, and below the 200-day MA of 26.91, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.58 is Neutral, neither overbought nor oversold. The STOCH value of 80.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OBT.

Orange County Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNLC	78 Outperform	$278.66M	9.90	11.19%	5.79%	13.25%	1.46%
OBT	76 Outperform	$303.38M	10.80	14.76%	1.82%	6.08%	-23.52%
CZFS	75 Outperform	$268.91M	9.66	9.62%	3.47%	9.53%	63.45%
PCB	75 Outperform	$284.87M	10.20	8.00%	3.74%	14.10%	11.76%
SFST	69 Neutral	$296.29M	16.08	5.60%	―	8.57%	37.95%
Sector *	64 Neutral	$12.64B	9.74	8.05%	17044.60%	12.66%	-4.62%
WSBF	60 Neutral	$238.48M	12.20	5.50%	4.85%	5.89%	96.63%

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.