In a report released today, Alexander Twerdahl from Piper Sandler maintained a Buy rating on Orange County Bancorp (OBT – Research Report), with a price target of $47.00. The company’s shares closed yesterday at $44.25.
According to TipRanks, Twerdahl is a 4-star analyst with an average return of 9.5% and a 58.15% success rate. Twerdahl covers the Financial sector, focusing on stocks such as Bar Harbor Bankshares, Evans Bancorp, and First Bancorp Puerto Rico.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Orange County Bancorp with a $47.00 average price target.
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Based on Orange County Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $14.58 million and a net profit of $2.84 million. In comparison, last year the company earned a revenue of $12.25 million and had a net profit of $3.42 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OBT in relation to earlier this year.
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Orange County Bancorp, Inc. is a holding company, which engages in the provision of commercial banking solutions. It offers a range of banking solutions such as business, personal banking, special services, trusts and investment services. The company was founded on May 2, 1892 and is headquartered in Middletown, NY.
