Orange County Bancorp, Inc. Appoints Jonathan Schiller to its Board of Directors - InvestingPro Insights
MIDDLETOWN, NY - Orange County Bancorp (NASDAQ: OBT), Inc. has made a strategic move by appointing Jonathan Schiller to its Board of Directors, effective October 1, 2024. Schiller, a seasoned entrepreneur with a background in pharmacy and business, brings a unique blend of scientific and business acumen to the company.
Company President and CEO Michael Gilfeather has expressed confidence in Schiller's ability to contribute to the company's growth and strategic direction. With over $2.5 billion in assets, Orange County Bancorp operates Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., catering to both community and business clients.
In other recent news, Orange County Bancorp declared a cash dividend of $0.23 per share, reflecting its financial health and commitment to shareholders. The company has also amended its director stock ownership rules, aligning the interests of directors with those of shareholders.
InvestingPro data reveals that Orange County Bancorp is currently trading at an affordable P/E ratio of 9.32, indicating potential for earnings growth. The company has shown a notable revenue growth of 13.39% over the last twelve months, despite challenges in maintaining high gross profit margins. Additionally, Orange County Bancorp has a strong historical performance, with a price total return of 25.72% over the last three months.
For investors seeking a deeper understanding of the company's financial health and future prospects, InvestingPro offers valuable insights to guide investment decisions. The recent board appointment of Jonathan Schiller aligns with Orange County Bancorp's strategic moves, highlighting its commitment to shareholder value.
In conclusion, Orange County Bancorp's appointment of Jonathan Schiller and its financial performance showcase a company poised for growth and success in the market. Investors can benefit from analyzing the company's financial data and strategic decisions to make informed investment choices for their portfolios.