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 $58.00. The company’s shares closed yesterday at $48.54.
Twerdahl covers the Financial sector, focusing on stocks such as Amalgamated Bank, Orange County Bancorp, and Arrow Financial. According to TipRanks, Twerdahl has an average return of 10.7% and a 60.70% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Orange County Bancorp with a $58.00 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 $25.72 million and a net profit of $9.04 million. In comparison, last year the company earned a revenue of $17.97 million and had a GAAP net loss of $1.81 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OBT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Orange County Bancorp (OBT) Company Description:
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.
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